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

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant growth in short interest in 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 trading volume, of 52,400 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of large investors have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $36,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth $63,000. All Season Financial Advisors Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.8% during the 3rd quarter. All Season Financial Advisors Inc. now owns 18,258 shares of the company’s stock valued at $306,000 after acquiring an additional 828 shares during the last quarter. Shaker Financial Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at about $308,000. Finally, Samalin Investment Counsel LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 58.9% in the third quarter. Samalin Investment Counsel LLC now owns 23,167 shares of the company’s stock valued at $389,000 after purchasing an additional 8,585 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP traded down $0.10 on Tuesday, reaching $18.05. 48,816 shares of the company’s stock were exchanged, compared to its average volume of 51,092. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $15.45 and a twelve month high of $19.31. The stock’s fifty day moving average price is $18.64 and its 200-day moving average price is $17.92.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.1107 per share. This represents a $1.33 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.