Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Decreases By 35.5%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 6,900 shares, a decline of 35.5% from the May 31st total of 10,695 shares. Based on an average daily trading volume, of 16,448 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Sit Investment Associates Inc. increased its stake in Flaherty & Crumrine Total Return Fund by 6.9% during the 4th quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock worth $18,185,000 after buying an additional 66,761 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Flaherty & Crumrine Total Return Fund by 0.8% in the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after purchasing an additional 2,002 shares in the last quarter. Noble Wealth Management PBC increased its stake in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after acquiring an additional 8,257 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Flaherty & Crumrine Total Return Fund by 57.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock worth $2,779,000 after purchasing an additional 57,626 shares during the period. Finally, Invesco Ltd. lifted its holdings in Flaherty & Crumrine Total Return Fund by 2.4% in the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after acquiring an additional 3,386 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE:FLC remained flat at $16.95 during midday trading on Friday. The stock had a trading volume of 11,841 shares, compared to its average volume of 22,288. The company has a 50-day simple moving average of $16.88 and a two-hundred day simple moving average of $17.21. Flaherty & Crumrine Total Return Fund has a 52-week low of $15.89 and a 52-week high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a dividend of $0.1047 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, July 24th.

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.