Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Rises By 377.5%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 82,600 shares, a growth of 377.5% from the December 15th total of 17,300 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is currently 2.7 days.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC stock traded up $0.18 during trading hours on Wednesday, hitting $16.77. 20,455 shares of the company were exchanged, compared to its average volume of 23,595. The company has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $16.61. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $14.51 and a fifty-two week high of $17.48.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a $0.0343 dividend. This represents a $0.41 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors have recently modified their holdings of FLC. Northwestern Mutual Wealth Management Co. increased its holdings in Flaherty & Crumrine Total Return Fund by 11.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock worth $165,000 after purchasing an additional 1,100 shares in the last quarter. MRA Advisory Group bought a new stake in Flaherty & Crumrine Total Return Fund during the third quarter worth $177,000. Catalina Capital Group LLC purchased a new stake in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $178,000. Hennion & Walsh Asset Management Inc. bought a new position in Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $278,000. Finally, HighTower Advisors LLC boosted its holdings in Flaherty & Crumrine Total Return Fund by 36.0% during the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after acquiring an additional 5,574 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return 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 of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.