Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Large Increase in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 78,528 shares, a growth of 18.9% from the February 12th total of 66,052 shares. Based on an average trading volume of 34,365 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 34,365 shares, the days-to-cover ratio is presently 2.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded up $0.05 on Tuesday, reaching $20.93. The company’s stock had a trading volume of 28,309 shares, compared to its average volume of 48,588. The business has a fifty day simple moving average of $21.41 and a two-hundred day simple moving average of $21.37. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $18.20 and a 12-month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a dividend of $0.127 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds have recently made changes to their positions in DFP. Envestnet Asset Management Inc. grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 68,780 shares of the company’s stock valued at $1,412,000 after purchasing an additional 1,086 shares during the last quarter. Allworth Financial LP increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the second quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% during the second quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock worth $455,000 after buying an additional 1,398 shares during the period. AlphaCore Capital LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.9% in the 2nd quarter. AlphaCore Capital LLC now owns 39,483 shares of the company’s stock worth $811,000 after buying an additional 4,832 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter valued at about $225,000.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.