Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,286 shares, a drop of 60.8% from the June 30th total of 5,832 shares. Based on an average daily trading volume, of 12,721 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after purchasing an additional 629 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock valued at $394,000 after purchasing an additional 1,967 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after purchasing an additional 2,002 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at about $57,000. Finally, Invesco Ltd. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock worth $2,475,000 after purchasing an additional 3,386 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Stock Down 0.0%

NYSE FLC opened at $16.64 on Monday. The firm’s fifty day moving average price is $16.82 and its two-hundred day moving average price is $17.15. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $15.89 and a fifty-two week high of $18.09.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be issued a dividend of $0.1067 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 7.7%.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.