Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) sees sharp decline in short-term interest


Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Rating) was the target of a significant decline in short-term interest during the month of March. As of March 31, there was selling interest totaling 94,100 shares, down 25.3% from the March 15 total of 125,900 shares. Based on an average daily volume of 71,900 shares, the short interest ratio is currently 1.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund shares traded up $0.06 during Monday’s trading, hitting $24.46. The stock recorded trading volume of 72,821 shares, compared to an average trading volume of 72,177 shares. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year minimum of $24.27 and a 1-year maximum of $31.43. The stock’s 50-day moving average is $25.66 and its two-hundred-day moving average is $27.10.

The company also recently announced a monthly dividend, which will be paid on Friday, April 29. Investors of record on Friday, April 22 will receive a dividend of $0.158. The ex-dividend date is Thursday, April 21. This represents an annualized dividend of $1.90 and a yield of 7.75%.

A number of institutional investors have been buying and selling stocks recently. LPL Financial LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.7% during the 4th quarter. LPL Financial LLC now owns 217,154 shares of the company valued at $6,033,000 after acquiring an additional 1,454 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in the Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 184,089 shares of the company valued at $5,114,000 after acquiring an additional 4,975 shares during the period. Invesco Ltd. increased its holdings in the Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.8% during the fourth quarter. Invesco Ltd. now owns 176,679 shares of the company valued at $4,908,000 after acquiring an additional 27,980 shares during the period. 1776 Wealth LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.7% during the fourth quarter. 1776 Wealth LLC now owns 131,318 shares of the company valued at $3,648,000 after acquiring an additional 924 shares during the period. Finally, Private Advisor Group LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.2% during the 4th quarter. Private Advisor Group LLC now owns 90,516 shares of the company valued at $2,515,000 after acquiring an additional 8,364 shares during the period.

About Dynamic Flaherty & Crumrine Premium and Income Fund (Get a rating)

Flaherty & Crumrine Dynamic Preferred & Income Fund, Inc is a diversified, closed-end management company. It invests in the portfolio of preferred securities and other income-producing securities. The company aims to seek total return and provide high income. The company was founded on October 10, 2012 and is based in Pasadena, California.

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