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 recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 13,200 shares, a growth of 8.2% from the March 31st total of 12,200 shares. Based on an average daily volume of 52,400 shares, the short-interest ratio is currently 0.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 1.3 %

Shares of DFP opened at $18.28 on Thursday. The business’s fifty day moving average price is $18.63 and its two-hundred day moving average price is $17.94. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52 week low of $15.45 and a 52 week high of $19.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.1107 dividend. This represents a $1.33 annualized dividend and a yield of 7.27%. The ex-dividend date is Wednesday, May 22nd.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFP. Relative Value Partners Group LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $4,855,000. International Assets Investment Management LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth $2,624,000. RPO LLC raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 157.4% during the 4th quarter. RPO LLC now owns 223,283 shares of the company’s stock valued at $3,963,000 after acquiring an additional 136,538 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.1% in the 1st quarter. Raymond James & Associates now owns 682,443 shares of the company’s stock valued at $13,082,000 after purchasing an additional 78,852 shares during the period. Finally, Revisor Wealth Management LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth $936,000.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.