Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 15.1% in March

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) 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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.1075 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 7.17%.

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.