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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,488 shares, a drop of 43.1% from the May 14th total of 18,437 shares. Based on an average daily volume of 65,433 shares, the short-interest ratio is presently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.02 during mid-day trading on Tuesday, hitting $20.45. 70,231 shares of the stock were exchanged, compared to its average volume of 55,792. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $19.56 and a twelve month high of $22.11. The company has a 50-day simple moving average of $20.67 and a 200 day simple moving average of $20.94.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be paid a dividend of $0.1295 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Institutional investors have recently made changes to their positions in the stock. Triumph Capital Management purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $92,000. AdvisorNet Financial Inc grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock valued at $106,000 after buying an additional 1,022 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $141,000. Kestra Advisory Services LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $158,000. Finally, Stance Capital LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $182,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.