Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Large Growth in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 17,058 shares, a growth of 182.4% from the December 15th total of 6,041 shares. Based on an average trading volume of 29,137 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 29,137 shares, the days-to-cover ratio is presently 0.6 days.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE:FLC opened at $17.60 on Wednesday. Flaherty & Crumrine Total Return Fund has a 1 year low of $14.80 and a 1 year high of $17.93. The business’s 50-day moving average is $17.43 and its 200-day moving average is $17.41.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be paid a $0.1037 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) annualized dividend and a yield of 7.1%.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC lifted its position in shares of Flaherty & Crumrine Total Return Fund by 185.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,193 shares of the company’s stock valued at $71,000 after acquiring an additional 2,724 shares during the period. PNC Financial Services Group Inc. bought a new stake in Flaherty & Crumrine Total Return Fund in the second quarter valued at $180,000. Capital Investment Advisors LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter valued at about $181,000. Cetera Investment Advisers acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at about $199,000. Finally, Seven Mile Advisory acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at about $230,000.

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.