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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 10,488 shares, an increase of 269.0% from the September 15th total of 2,842 shares. Based on an average daily volume of 95,697 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at approximately $36,000. AdvisorNet Financial Inc raised its stake in shares of 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 worth $106,000 after acquiring an additional 1,022 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after acquiring an additional 1,100 shares during the last quarter. Shaker Financial Services LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth approximately $427,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock worth $459,000 after acquiring an additional 1,382 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP traded down $0.05 during midday trading on Monday, reaching $18.85. The stock had a trading volume of 71,726 shares, compared to its average volume of 58,556. The company’s 50-day moving average is $19.95 and its 200 day moving average is $20.39. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $18.59 and a 12-month high of $22.05.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a $0.1314 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.58 dividend on an annualized basis and a yield of 8.4%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments.

The fund’s portfolio may include preferred stocks, hybrid securities, corporate debt and other fixed-income instruments issued by companies in sectors such as financial services, utilities and real estate.