Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Stock Short Interest Falls 93.6%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 2,842 shares, a drop of 93.6% from the August 31st total of 44,134 shares. Based on an average daily volume of 96,721 shares, the short-interest ratio is currently 0.0 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.3%

DFP traded down $0.05 during trading on Thursday, hitting $18.96. The company had a trading volume of 85,941 shares, compared to its average volume of 56,185. The business has a 50-day moving average of $20.41 and a 200-day moving average of $20.54. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $18.95 and a 1-year high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.1314 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the first quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock valued at $106,000 after buying an additional 1,022 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% in the first quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock worth $801,000 after acquiring an additional 1,069 shares in the last quarter. Triumph Capital Management raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% during the second quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock valued at $132,000 after acquiring an additional 1,100 shares during the period. Cetera Investment Advisers raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% during the first quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock valued at $459,000 after acquiring an additional 1,382 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter valued at approximately $36,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in preferred securities and other income-producing investments.

The fund uses a dynamically managed strategy that may adjust its portfolio allocation in response to market conditions, interest-rate trends and changes in credit quality.