Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 7,976 shares, an increase of 77.3% from the August 15th total of 4,499 shares. Based on an average trading volume of 18,425 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at about $261,000. Susquehanna International Group LLP acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth about $297,000. Bank of America Corp DE bought a new position in Flaherty & Crumrine Total Return Fund in the 2nd quarter valued at about $4,414,000. Global Retirement Partners LLC bought a new position in Flaherty & Crumrine Total Return Fund in the 2nd quarter valued at about $57,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Flaherty & Crumrine Total Return Fund by 21.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock worth $4,081,000 after purchasing an additional 42,263 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Trading Up 0.1%

Flaherty & Crumrine Total Return Fund stock traded up $0.01 during mid-day trading on Wednesday, reaching $16.04. The stock had a trading volume of 69,958 shares, compared to its average volume of 21,696. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $15.89 and a fifty-two week high of $18.09. The stock’s 50-day simple moving average is $16.69 and its 200-day simple moving average is $16.86.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a $0.1067 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a c) annualized dividend and a yield of 8.0%.

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.