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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 18,325 shares, a decline of 54.6% from the April 15th total of 40,336 shares. Based on an average daily volume of 26,419 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in Flaherty & Crumrine Total Return Fund in the fourth quarter worth $57,000. Cetera Investment Advisers acquired a new position in Flaherty & Crumrine Total Return Fund in the second quarter worth $199,000. Seven Mile Advisory bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $230,000. Kovack Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $226,000. Finally, Wedbush Securities Inc. raised its position in shares of Flaherty & Crumrine Total Return Fund by 50.5% during the third quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after acquiring an additional 5,050 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Flaherty & Crumrine Total Return Fund stock traded down $0.11 on Friday, reaching $16.86. The company’s stock had a trading volume of 38,030 shares, compared to its average volume of 22,439. The business’s fifty day moving average price is $16.99 and its 200 day moving average price is $17.37. Flaherty & Crumrine Total Return Fund has a twelve month low of $16.25 and a twelve month high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be paid a $0.1047 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.