Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Large Growth in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 36,842 shares, a growth of 687.2% from the January 15th total of 4,680 shares. Based on an average daily volume of 62,817 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 62,817 shares, the short-interest ratio is currently 0.6 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.12 during midday trading on Wednesday, reaching $21.82. 39,034 shares of the company’s stock traded hands, compared to its average volume of 56,416. The stock has a 50 day moving average of $21.11 and a 200-day moving average of $21.25. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $18.20 and a 12 month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be given a dividend of $0.127 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, April 23rd.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% during the third quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock valued at $27,732,000 after purchasing an additional 198,497 shares during the last quarter. Whipplewood Advisors LLC increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,791.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 93,985 shares of the company’s stock valued at $1,930,000 after buying an additional 90,735 shares in the last quarter. 1607 Capital Partners LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at approximately $1,720,000. Shaker Financial Services LLC raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 77.1% during the second quarter. Shaker Financial Services LLC now owns 130,860 shares of the company’s stock valued at $2,687,000 after buying an additional 56,988 shares during the last quarter. Finally, Fiera Capital Corp bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth $1,167,000.

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.