Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Down 67.1% in January

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 32,368 shares, a decrease of 67.1% from the December 31st total of 98,475 shares. Based on an average daily volume of 108,466 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 108,466 shares, the short-interest ratio is currently 0.3 days.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.3%

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock traded down $0.05 on Wednesday, reaching $16.55. 113,083 shares of the stock were exchanged, compared to its average volume of 102,627. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $14.20 and a twelve month high of $17.00. The business has a 50 day moving average price of $16.56 and a two-hundred day moving average price of $16.55.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be paid a $0.1005 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors have recently modified their holdings of FFC. Royal Bank of Canada raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.5% during the 1st quarter. Royal Bank of Canada now owns 163,821 shares of the financial services provider’s stock worth $2,609,000 after purchasing an additional 7,121 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.2% during the first quarter. Focus Partners Wealth now owns 91,632 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 1,950 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at approximately $27,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth approximately $478,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 13.3% during the second quarter. Envestnet Asset Management Inc. now owns 489,280 shares of the financial services provider’s stock worth $7,970,000 after purchasing an additional 57,473 shares in the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.