Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Sees Significant Decline in Short Interest

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 32,368 shares, a decline 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,060 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $67,000. Mather Group LLC. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $79,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $93,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.6%

Shares of FFC stock traded up $0.11 during trading hours on Thursday, reaching $16.65. The company had a trading volume of 88,546 shares, compared to its average volume of 101,881. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.20 and a 12 month high of $17.00. The business has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $16.55.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a $0.1005 dividend. The ex-dividend date is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 7.2%.

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.