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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 20,500 shares, an increase of 36.7% from the November 15th total of 15,000 shares. Based on an average daily trading volume, of 61,000 shares, the short-interest ratio is presently 0.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded up $0.02 during midday trading on Friday, reaching $20.50. The company had a trading volume of 44,386 shares, compared to its average volume of 55,708. The stock has a 50 day moving average price of $20.61 and a 200 day moving average price of $20.11. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $17.75 and a fifty-two week high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.032 per share. The ex-dividend date is Monday, December 23rd. This represents a $0.38 dividend on an annualized basis and a yield of 1.87%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of large investors have recently modified their holdings of the company. Shaker Financial Services LLC increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% during the second quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock valued at $1,517,000 after acquiring an additional 629 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% during the third quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock valued at $351,000 after buying an additional 921 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock valued at $126,000 after buying an additional 1,197 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% during the second quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock worth $354,000 after acquiring an additional 2,100 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.0% in the 2nd quarter. Private Advisor Group LLC now owns 45,937 shares of the company’s stock valued at $882,000 after acquiring an additional 2,191 shares during the last quarter.

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.