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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 6,605 shares, a decline of 37.0% from the May 31st total of 10,488 shares. Based on an average daily trading volume, of 82,999 shares, the short-interest ratio is presently 0.1 days.

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

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock worth $27,732,000 after purchasing an additional 198,497 shares during the last quarter. Focus Partners Wealth bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $3,093,000. Sit Investment Associates Inc. grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% in the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock worth $9,258,000 after buying an additional 86,981 shares during the last quarter. 1607 Capital Partners LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth approximately $1,720,000. Finally, Fiera Capital Corp grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 88.4% in the fourth quarter. Fiera Capital Corp now owns 101,601 shares of the company’s stock worth $2,112,000 after buying an additional 47,670 shares during the last quarter.

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

DFP stock traded up $0.01 during trading hours on Thursday, hitting $20.74. 36,375 shares of the stock traded hands, compared to its average volume of 54,696. The stock has a 50-day simple moving average of $20.59 and a 200 day simple moving average of $20.89. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $19.56 and a one year high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.1295 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a yield of 7.5%.

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.