Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 22.6% in March

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 96,282 shares, a growth of 22.6% from the February 26th total of 78,528 shares. Based on an average trading volume of 43,578 shares, the short-interest ratio is presently 2.2 days.

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

A number of large investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $1,167,000. Capital Investment Advisors LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at approximately $534,000. Guggenheim Capital LLC lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.8% during the 2nd quarter. Guggenheim Capital LLC now owns 345,568 shares of the company’s stock worth $7,095,000 after acquiring an additional 33,652 shares during the period. 1607 Capital Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $1,720,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock worth $3,291,000 after acquiring an additional 36,304 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.23 during midday trading on Wednesday, hitting $20.30. The company’s stock had a trading volume of 73,205 shares, compared to its average volume of 53,434. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $18.20 and a 1-year high of $22.11. The company has a 50-day moving average price of $21.22 and a two-hundred day moving average price of $21.30.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

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 given a $0.127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.