Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Large 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 January. As of January 15th, there was short interest totaling 4,680 shares, an increase of 20.1% from the December 31st total of 3,898 shares. Based on an average daily volume of 49,298 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 49,298 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DFP. International Assets Investment Management LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $141,000. Farther Finance Advisors LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 171.5% during the fourth quarter. Farther Finance Advisors LLC now owns 17,845 shares of the company’s stock worth $371,000 after purchasing an additional 11,272 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock valued at $3,291,000 after purchasing an additional 36,304 shares during the period. Capital Investment Advisors LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at $534,000. Finally, Triumph Capital Management purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $92,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.5%

Shares of DFP stock traded up $0.10 during mid-day trading on Wednesday, reaching $21.65. The stock had a trading volume of 63,599 shares, compared to its average volume of 59,643. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $18.20 and a 12-month high of $22.11. The business has a 50-day simple moving average of $21.07 and a 200 day simple moving average of $21.21.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be given a dividend of $0.127 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) annualized dividend and a yield of 7.0%.

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.