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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,286 shares, a drop of 60.8% from the June 30th total of 5,832 shares. Based on an average daily volume of 12,721 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in Flaherty & Crumrine Total Return Fund by 3.8% during the second quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock valued at $292,000 after purchasing an additional 629 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 9.6% in the 4th 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. increased its stake in shares of Flaherty & Crumrine Total Return Fund by 0.8% in the 4th quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after purchasing an additional 2,002 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $57,000. Finally, Invesco Ltd. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the 2nd quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock worth $2,475,000 after buying an additional 3,386 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Trading Down 0.0%

Shares of Flaherty & Crumrine Total Return Fund stock opened at $16.64 on Monday. Flaherty & Crumrine Total Return Fund has a 12-month low of $15.89 and a 12-month high of $18.09. The firm’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $17.15.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.1067 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Total Return Fund Company Profile

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.