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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 10,488 shares, a decline of 43.1% from the May 14th total of 18,437 shares. Based on an average daily trading volume, of 65,433 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% in the third quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock valued at $27,732,000 after acquiring an additional 198,497 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% in the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock valued at $9,258,000 after acquiring an additional 86,981 shares during the period. Invesco Ltd. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.6% in the third quarter. Invesco Ltd. now owns 324,801 shares of the company’s stock valued at $7,029,000 after acquiring an additional 14,421 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock valued at $3,291,000 after acquiring an additional 36,304 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $3,093,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.26 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $19.56 and a one year high of $22.11. The business has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $20.96.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a $0.1295 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, July 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.