Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 183.7% in June

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 18,736 shares, an increase of 183.7% from the June 15th total of 6,605 shares. Based on an average trading volume of 48,303 shares, the short-interest ratio is currently 0.4 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded up $0.16 on Tuesday, hitting $20.98. 63,520 shares of the company were exchanged, compared to its average volume of 54,295. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $19.56 and a twelve month high of $22.11. The business’s fifty day moving average is $20.55 and its two-hundred day moving average is $20.89.

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 7.4%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at $36,000. Triumph Capital Management purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth about $92,000. AdvisorNet Financial Inc lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% in the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock valued at $106,000 after purchasing an additional 1,022 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at about $141,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth about $158,000.

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.