Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 18.9% in February

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 78,528 shares, an increase of 18.9% from the February 12th total of 66,052 shares. Based on an average daily volume of 34,365 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 34,365 shares, the days-to-cover ratio is presently 2.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.2%

NYSE DFP traded up $0.05 on Tuesday, reaching $20.93. The stock had a trading volume of 28,309 shares, compared to its average volume of 48,588. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $18.20 and a 12-month high of $22.11. The stock has a fifty day moving average price of $21.41 and a two-hundred day moving average price of $21.37.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm 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 dividend of $0.127 per share. The ex-dividend date is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. AlphaCore Capital LLC grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.9% in the second quarter. AlphaCore Capital LLC now owns 39,483 shares of the company’s stock valued at $811,000 after purchasing an additional 4,832 shares during the period. Fiera Capital Corp acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at $1,167,000. Guggenheim Capital LLC lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.8% during the 2nd quarter. Guggenheim Capital LLC now owns 345,568 shares of the company’s stock worth $7,095,000 after buying an additional 33,652 shares during the last quarter. 1607 Capital Partners LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth about $1,720,000. Finally, Wedbush Securities Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.8% during the 3rd quarter. Wedbush Securities Inc. now owns 12,800 shares of the company’s stock valued at $277,000 after purchasing an additional 2,200 shares during the period.

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.