Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 654 shares, a drop of 99.1% from the September 30th total of 76,195 shares. Based on an average trading volume of 276,270 shares, the short-interest ratio is currently 0.0 days.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at about $47,000. Fifth Third Bancorp acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth approximately $118,000. Oppenheimer & Co. Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at approximately $168,000. Kestra Advisory Services LLC increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 100.6% during the 1st quarter. Kestra Advisory Services LLC now owns 15,953 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 8,002 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 19.6% during the 1st quarter. International Assets Investment Management LLC now owns 17,433 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 2,855 shares in the last quarter.
Flaherty & Crumrine Preferred Securities Income Fund Stock Performance
FFC opened at $14.34 on Tuesday. The business has a fifty day moving average of $15.29 and a 200 day moving average of $15.94. Flaherty & Crumrine Preferred Securities Income Fund has a 52-week low of $14.26 and a 52-week high of $16.95.
Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a $0.1046 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.8%.
About Flaherty & Crumrine Preferred Securities Income Fund
Flaherty & Crumrine Preferred Securities Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol FFC. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing securities.
The fund’s portfolio may include preferred stocks, hybrid securities, corporate bonds and other fixed-income instruments issued by companies in sectors such as financial services, utilities, real estate investment trusts and industrials.
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