Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 329.3% in November

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 32,200 shares, an increase of 329.3% from the November 15th total of 7,500 shares. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Matisse Capital lifted its stake in Flaherty & Crumrine Total Return Fund by 23.0% in the second quarter. Matisse Capital now owns 95,300 shares of the company’s stock valued at $1,481,000 after acquiring an additional 17,795 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Flaherty & Crumrine Total Return Fund by 153.9% in the 3rd quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after purchasing an additional 53,648 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Flaherty & Crumrine Total Return Fund during the third quarter worth about $980,000. HighTower Advisors LLC increased its position in Flaherty & Crumrine Total Return Fund by 36.0% during the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after buying an additional 5,574 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Flaherty & Crumrine Total Return Fund by 11.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after buying an additional 1,100 shares during the period.

Flaherty & Crumrine Total Return Fund Stock Up 0.5 %

FLC stock traded up $0.09 during midday trading on Wednesday, hitting $16.97. The company’s stock had a trading volume of 18,901 shares, compared to its average volume of 31,595. The company’s fifty day moving average price is $16.93 and its 200 day moving average price is $16.37. Flaherty & Crumrine Total Return Fund has a twelve month low of $14.11 and a twelve month high of $17.48.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a $0.0937 dividend. The ex-dividend date was Thursday, November 21st. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. This represents a $1.12 annualized dividend and a dividend yield of 6.63%.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return 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 of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.