Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Rises By 95.2%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 4,499 shares, a growth of 95.2% from the July 30th total of 2,305 shares. Based on an average daily volume of 11,741 shares, the short-interest ratio is currently 0.4 days.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC remained flat at $16.59 during mid-day trading on Friday. The stock had a trading volume of 11,425 shares, compared to its average volume of 20,961. The stock’s 50 day moving average is $16.79 and its 200-day moving average is $17.00. Flaherty & Crumrine Total Return Fund has a 12-month low of $15.89 and a 12-month high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.1067 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth $261,000. Susquehanna International Group LLP purchased a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at $297,000. Bank of America Corp DE purchased a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at $4,414,000. Global Retirement Partners LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the 2nd quarter worth about $57,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 21.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock worth $4,081,000 after buying an additional 42,263 shares in the last quarter.

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.