Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 180.9% in July

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 52,631 shares, an increase of 180.9% from the June 30th total of 18,736 shares. Based on an average trading volume of 44,600 shares, the short-interest ratio is presently 1.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.8%

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.16 on Monday, reaching $20.77. 38,609 shares of the company were exchanged, compared to its average volume of 54,100. The company’s 50-day moving average is $20.55 and its two-hundred day moving average is $20.89. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $19.56 and a 1-year high of $22.11.

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 c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Friday, October 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at $36,000. Triumph Capital Management bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $92,000. AdvisorNet Financial Inc increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% in the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after acquiring an additional 1,022 shares during the period. International Assets Investment Management LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at about $141,000. Finally, Kestra Advisory Services LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at about $158,000.

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.