Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Sees Significant Growth in Short Interest

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 62,222 shares, a growth of 92.2% from the January 15th total of 32,368 shares. Based on an average daily volume of 99,168 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 99,168 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Integrated Capital Management Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.2% in the 3rd quarter. Integrated Capital Management Inc. now owns 19,178 shares of the financial services provider’s stock valued at $324,000 after buying an additional 596 shares in the last quarter. Stolper Co lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 2.9% during the fourth quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 930 shares during the last quarter. Ceera Investments LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the fourth quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 960 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 9.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,351 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 1,356 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of FFC stock opened at $16.85 on Friday. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $14.20 and a 52-week high of $17.00. The company’s 50 day moving average is $16.61 and its 200 day moving average is $16.58.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be paid a dividend of $0.1005 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.