Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Shorted: Short Interest Up 82.1% in October

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 19,095 shares, an increase of 82.1% from the September 30th total of 10,488 shares. Based on an average daily volume of 81,509 shares, the short-interest ratio is currently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

NYSE:DFP traded up $0.01 during mid-day trading on Friday, hitting $18.87. The company had a trading volume of 107,185 shares, compared to its average volume of 59,726. The business has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $20.50. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $18.35 and a 1 year high of $22.05.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.1314 per share. This represents a $1.58 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, November 20th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its holdings in 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 period. Hennion & Walsh Asset Management Inc. raised its stake 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 valued at $4,520,000 after purchasing an additional 43,356 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $602,000. Shaker Financial Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth $427,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 19.1% during the first quarter. Janney Montgomery Scott LLC now owns 42,192 shares of the company’s stock worth $847,000 after purchasing an additional 6,757 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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

The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.