Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 10,695 shares, an increase of 57.6% from the May 14th total of 6,787 shares. Based on an average daily volume of 23,611 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in shares of Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after acquiring an additional 629 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Flaherty & Crumrine Total Return Fund by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock valued at $394,000 after purchasing an additional 1,967 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Flaherty & Crumrine Total Return Fund by 0.8% in the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after buying an additional 2,002 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $57,000. Finally, Invesco Ltd. raised its position in shares of Flaherty & Crumrine Total Return Fund by 2.4% in the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after buying an additional 3,386 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Trading Up 0.4%

Shares of NYSE:FLC traded up $0.08 during trading hours on Tuesday, hitting $16.86. The company’s stock had a trading volume of 12,182 shares, compared to its average volume of 21,843. Flaherty & Crumrine Total Return Fund has a 52 week low of $15.89 and a 52 week high of $18.09. The firm’s fifty day moving average price is $16.94 and its 200 day moving average price is $17.27.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a dividend of $0.1047 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.