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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,898 shares, a drop of 73.8% from the December 15th total of 14,874 shares. Based on an average daily volume of 63,553 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 63,553 shares, the days-to-cover ratio is currently 0.1 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

NYSE:DFP traded up $0.03 during mid-day trading on Tuesday, hitting $21.21. 55,203 shares of the company’s stock traded hands, compared to its average volume of 51,181. The company has a fifty day moving average of $21.11 and a 200 day moving average of $21.15. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.20 and a twelve month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.127 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, January 23rd.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the 2nd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock valued at $30,000 after purchasing an additional 700 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth about $87,000. Triumph Capital Management purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $92,000. Atlantic Union Bankshares Corp acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth approximately $97,000. Finally, Farther Finance Advisors LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,573 shares of the company’s stock worth $142,000 after buying an additional 4,028 shares during the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.