Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 13.1% in February

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPGet Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 13,800 shares, a growth of 13.1% from the January 31st total of 12,200 shares. Based on an average trading volume of 63,600 shares, the short-interest ratio is presently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.4 %

Shares of DFP stock traded down $0.08 during trading on Monday, reaching $18.67. The company had a trading volume of 58,761 shares, compared to its average volume of 53,318. The firm’s 50 day simple moving average is $18.36 and its two-hundred day simple moving average is $17.43. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $15.45 and a one year high of $20.14.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a $0.1075 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.91%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of large investors have recently bought and sold shares of the stock. Raymond James & Associates grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 14.8% in the third quarter. Raymond James & Associates now owns 611,245 shares of the company’s stock valued at $10,251,000 after acquiring an additional 78,677 shares during the period. Mangrove Partners bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth $7,073,000. Relative Value Partners Group LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $4,855,000. Invesco Ltd. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.2% during the third quarter. Invesco Ltd. now owns 264,211 shares of the company’s stock worth $4,431,000 after purchasing an additional 8,112 shares during the last quarter. Finally, Cohen & Steers Inc. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.1% during the second quarter. Cohen & Steers Inc. now owns 255,500 shares of the company’s stock worth $4,451,000 after purchasing an additional 10,000 shares during the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

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