Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Short Interest Down 33.3% in December

Posted by Michael Baxter on Jan 14th, 2025

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 20,600 shares, a decrease of 33.3% from the December 15th total of 30,900 shares. Based on an average daily trading volume, of 28,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Flaherty & Crumrine Preferred Income Fund

An institutional investor recently bought a new position in Flaherty & Crumrine Preferred Income Fund stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,359 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Flaherty & Crumrine Preferred Income Fund Price Performance

Flaherty & Crumrine Preferred Income Fund stock opened at $11.14 on Tuesday. The stock has a fifty day moving average of $11.34 and a two-hundred day moving average of $11.32. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $9.80 and a fifty-two week high of $12.08.

Flaherty & Crumrine Preferred Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, January 24th.

Flaherty & Crumrine Preferred Income Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.