Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Down 20.0% in December

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 16,400 shares, a decline of 20.0% from the November 30th total of 20,500 shares. Based on an average daily trading volume, of 61,100 shares, the short-interest ratio is currently 0.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.5 %

Shares of DFP traded up $0.09 during mid-day trading on Tuesday, hitting $19.94. 103,965 shares of the stock were exchanged, compared to its average volume of 56,117. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52-week low of $17.78 and a 52-week high of $21.73. The firm has a 50-day moving average of $20.39 and a two-hundred day moving average of $20.22.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, January 24th.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after purchasing an additional 1,197 shares during the period. International Assets Investment Management LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth $160,000. Aviance Capital Partners LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at $203,000. Concurrent Investment Advisors LLC raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% in the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after acquiring an additional 5,351 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% in the 2nd quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock worth $354,000 after acquiring an additional 2,100 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.