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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 7,976 shares, a growth of 77.3% from the August 15th total of 4,499 shares. Based on an average daily trading volume, of 18,425 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLC. Sit Investment Associates Inc. boosted its position in shares of Flaherty & Crumrine Total Return Fund by 6.9% during the 4th quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock valued at $18,185,000 after acquiring an additional 66,761 shares during the last quarter. Bank of America Corp DE purchased a new stake in Flaherty & Crumrine Total Return Fund during the 2nd quarter valued at $4,414,000. Hennion & Walsh Asset Management Inc. lifted its stake in Flaherty & Crumrine Total Return Fund by 21.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock worth $4,081,000 after purchasing an additional 42,263 shares during the last quarter. Noble Wealth Management PBC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the second quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after purchasing an additional 8,257 shares during the last quarter. Finally, Fiera Capital Corp grew its position in shares of Flaherty & Crumrine Total Return Fund by 114.4% during the 4th quarter. Fiera Capital Corp now owns 70,401 shares of the company’s stock worth $1,232,000 after buying an additional 37,558 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Stock Up 0.7%

Shares of FLC opened at $16.14 on Friday. Flaherty & Crumrine Total Return Fund has a 1 year low of $15.89 and a 1 year high of $18.09. The company has a 50 day simple moving average of $16.65 and a two-hundred day simple moving average of $16.84.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a $0.1067 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Total Return Fund Company Profile

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.