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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPGet Free Report) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,200 shares, a decrease of 58.1% from the January 15th total of 29,100 shares. Based on an average trading volume of 65,400 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter valued at about $33,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $36,000. Comerica Bank purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at approximately $42,000. CWM LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 43.1% during the second quarter. CWM LLC now owns 2,580 shares of the company’s stock valued at $45,000 after acquiring an additional 777 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth $63,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.7 %

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.13 on Monday, hitting $18.41. The stock had a trading volume of 55,077 shares, compared to its average volume of 54,775. The stock’s 50-day simple moving average is $18.16 and its two-hundred day simple moving average is $17.39. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $15.45 and a one year high of $21.38.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a $0.1075 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date is Monday, April 22nd.

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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