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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 36,800 shares, a growth of 13.6% from the June 30th total of 32,400 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Several large investors have recently bought and sold shares of the business. Matisse Capital grew its stake in shares of Flaherty & Crumrine Total Return Fund by 23.0% during the 2nd quarter. Matisse Capital now owns 95,300 shares of the company’s stock valued at $1,481,000 after purchasing an additional 17,795 shares during the period. Relative Value Partners Group LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at about $885,000. Pathway Financial Advisers LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 1st quarter valued at about $415,000. Koshinski Asset Management Inc. grew its stake in shares of Flaherty & Crumrine Total Return Fund by 100.0% during 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 during the period. Finally, ORG Partners LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 1st quarter valued at about $37,000.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC traded up $0.10 during trading hours on Wednesday, hitting $15.91. The company had a trading volume of 34,330 shares, compared to its average volume of 31,741. The firm has a fifty day moving average price of $15.50 and a 200-day moving average price of $15.22. Flaherty & Crumrine Total Return Fund has a 52-week low of $12.62 and a 52-week high of $16.03.

Flaherty & Crumrine Total Return Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be issued a $0.0913 dividend. This represents a $1.10 annualized dividend and a yield of 6.89%. This is an increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. The ex-dividend date is Friday, August 23rd.

Flaherty & Crumrine Total Return Fund Company Profile

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.