Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 10,695 shares, a growth of 57.6% from the May 14th total of 6,787 shares. Based on an average daily trading volume, of 23,611 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its position in Flaherty & Crumrine Total Return Fund by 6.9% during the fourth quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock worth $18,185,000 after purchasing an additional 66,761 shares during the last quarter. Advisors Asset Management Inc. increased its position in Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock worth $4,173,000 after purchasing an additional 2,002 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Flaherty & Crumrine Total Return Fund by 57.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock worth $2,779,000 after purchasing an additional 57,626 shares during the last quarter. Invesco Ltd. increased its position in Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock worth $2,475,000 after purchasing an additional 3,386 shares during the last quarter. Finally, LPL Financial LLC increased its position in Flaherty & Crumrine Total Return Fund by 11.9% during the fourth quarter. LPL Financial LLC now owns 145,027 shares of the company’s stock worth $2,538,000 after purchasing an additional 15,375 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE FLC traded up $0.08 during mid-day trading on Tuesday, reaching $16.86. The company’s stock had a trading volume of 12,182 shares, compared to its average volume of 21,843. The stock has a 50-day moving average of $16.94 and a two-hundred day moving average of $17.27. Flaherty & Crumrine Total Return Fund has a 1-year low of $15.89 and a 1-year high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be given a dividend of $0.1047 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, July 24th.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.