Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Large Decrease in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 41,500 shares, a drop of 11.7% from the May 31st total of 47,000 shares. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Flaherty & Crumrine Total Return Fund by 63.7% during the third quarter. HighTower Advisors LLC now owns 24,313 shares of the company’s stock valued at $319,000 after acquiring an additional 9,463 shares in the last quarter. Koshinski Asset Management Inc. raised its position in shares of Flaherty & Crumrine Total Return Fund by 100.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 25,120 shares of the company’s stock valued at $365,000 after purchasing an additional 12,560 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at approximately $31,000. Matisse Capital acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth approximately $601,000. Finally, Relative Value Partners Group LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $885,000.

Flaherty & Crumrine Total Return Fund Stock Performance

Flaherty & Crumrine Total Return Fund stock traded up $0.05 during midday trading on Wednesday, hitting $15.57. 12,027 shares of the company were exchanged, compared to its average volume of 32,695. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $12.62 and a fifty-two week high of $15.60. The company’s fifty day moving average price is $15.27 and its 200-day moving average price is $15.07.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were given a dividend of $0.0897 per share. This is a boost from Flaherty & Crumrine Total Return Fund’s previous dividend of $0.08. This represents a dividend yield of 6.97%. The ex-dividend date was Wednesday, May 22nd.

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.