Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Declines By 40.5%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 98,475 shares, a decrease of 40.5% from the December 15th total of 165,552 shares. Based on an average daily volume of 135,198 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 135,198 shares, the days-to-cover ratio is presently 0.7 days.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.7%

Shares of NYSE:FFC traded down $0.11 during mid-day trading on Friday, hitting $16.58. 92,701 shares of the company traded hands, compared to its average volume of 106,982. Flaherty & Crumrine Preferred Securities Income Fund has a 12-month low of $14.20 and a 12-month high of $17.00. The stock has a 50-day moving average price of $16.58 and a two-hundred day moving average price of $16.55.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.1005 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, January 23rd.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth approximately $58,000. Mather Group LLC. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth approximately $79,000. Gridiron Partners LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 229.1% in the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock worth $82,000 after buying an additional 338,939 shares during the last quarter. Finally, Maryland Capital Advisors Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at approximately $91,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.