Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 18,500 shares, an increase of 23.3% from the October 15th total of 15,000 shares. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DFP. Pathway Financial Advisers LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter valued at about $60,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock valued at $126,000 after purchasing an additional 1,197 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter valued at about $160,000. Aviance Capital Partners LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at about $203,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after purchasing an additional 5,351 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

NYSE:DFP traded down $0.11 during mid-day trading on Friday, reaching $20.25. The company’s stock had a trading volume of 41,555 shares, compared to its average volume of 56,090. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $16.68 and a 12-month high of $21.73. The firm’s fifty day moving average price is $20.95 and its two-hundred day moving average price is $19.86.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.1151 dividend. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11. The ex-dividend date is Thursday, November 21st. This represents a $1.38 dividend on an annualized basis and a yield of 6.82%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.