Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Large Growth in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 12,200 shares, a growth of 15.1% from the March 15th total of 10,600 shares. Based on an average trading volume of 53,500 shares, the short-interest ratio is currently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.7 %

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.12 on Tuesday, hitting $17.98. The company had a trading volume of 57,465 shares, compared to its average volume of 52,760. The business has a 50-day simple moving average of $18.70 and a 200-day simple moving average of $17.80. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.1075 dividend. This represents a $1.29 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DFP. Relative Value Partners Group LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth approximately $4,855,000. International Assets Investment Management LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth approximately $2,624,000. RPO LLC grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 157.4% in the fourth quarter. RPO LLC now owns 223,283 shares of the company’s stock worth $3,963,000 after buying an additional 136,538 shares during the last quarter. Ameriprise Financial Inc. grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 69.4% in the third quarter. Ameriprise Financial Inc. now owns 206,733 shares of the company’s stock worth $3,473,000 after buying an additional 84,730 shares during the last quarter. Finally, Raymond James & Associates grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 14.8% in the third quarter. Raymond James & Associates now owns 611,245 shares of the company’s stock worth $10,251,000 after buying an additional 78,677 shares during the last quarter.

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.