Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Large Decline in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 21,700 shares, a decline of 53.1% from the February 13th total of 46,300 shares. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 67.9% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares in the last quarter. Wedbush Securities Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at about $167,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth approximately $278,000. Raymond James Financial Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth approximately $333,000. Finally, HighTower Advisors LLC grew its position in Flaherty & Crumrine Total Return Fund by 36.0% during the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after purchasing an additional 5,574 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Trading Down 0.2 %

Shares of NYSE FLC traded down $0.03 during mid-day trading on Friday, hitting $16.76. 25,180 shares of the company traded hands, compared to its average volume of 28,819. Flaherty & Crumrine Total Return Fund has a 1 year low of $14.51 and a 1 year high of $17.48. The business has a 50 day moving average of $16.93 and a two-hundred day moving average of $16.93.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.0937 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.71%. The ex-dividend date is Wednesday, April 23rd.

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.