Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 12,200 shares, an increase of 15.1% from the March 15th total of 10,600 shares. Based on an average trading volume of 53,500 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DFP. US Bancorp DE purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $33,000. MeadowBrook Investment Advisors LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $36,000. Comerica Bank purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth about $42,000. McGlone Suttner Wealth Management Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $63,000. Finally, FMR LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the first quarter worth about $122,000.
Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.7 %
Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.12 during trading on Tuesday, reaching $17.98. 57,465 shares of the stock traded hands, compared to its average volume of 52,760. The business has a fifty day simple moving average of $18.70 and a two-hundred day simple moving average of $17.80. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52-week low of $15.45 and a 52-week high of $19.31.
Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement
Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile
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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