Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Significant Increase in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 10,488 shares, an increase of 269.0% from the September 15th total of 2,842 shares. Based on an average daily trading volume, of 95,697 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Analysts LLC increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% in the second quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after buying an additional 2,149 shares in the last quarter. Triumph Capital Management grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after acquiring an additional 1,100 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% in the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock worth $1,013,000 after acquiring an additional 50,420 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth $427,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock worth $4,520,000 after purchasing an additional 43,356 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP traded up $0.21 during trading on Friday, reaching $18.92. 67,478 shares of the company were exchanged, compared to its average volume of 58,488. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52 week low of $18.59 and a 52 week high of $22.05. The firm has a 50 day moving average of $19.99 and a 200 day moving average of $20.40.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a dividend of $0.1314 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in preferred securities and other income-producing investments.

The fund uses a dynamically managed strategy that may adjust its portfolio allocation in response to market conditions, interest-rate trends and changes in credit quality.