Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Up 8.1% in November

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 20,100 shares, an increase of 8.1% from the October 31st total of 18,600 shares. Based on an average daily volume of 133,900 shares, the days-to-cover ratio is currently 0.2 days.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Flaherty & Crumrine Preferred Securities Income Fund stock traded down $0.01 on Wednesday, reaching $15.94. The company’s stock had a trading volume of 60,117 shares, compared to its average volume of 137,076. The business’s fifty day moving average price is $16.06 and its 200 day moving average price is $15.44. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $13.51 and a twelve month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.092 dividend. The ex-dividend date was Thursday, November 21st. This represents a $1.10 dividend on an annualized basis and a yield of 6.93%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% during the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,500 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after acquiring an additional 28,492 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 23.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 89,631 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 17,178 shares during the period. Comerica Bank lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.8% during the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 1,585 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at $2,046,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.