Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 203.0% in January

by · The Cerbat Gem

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 50,072 shares, an increase of 203.0% from the January 15th total of 16,524 shares. Based on an average daily trading volume, of 20,252 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily trading volume, of 20,252 shares, the days-to-cover ratio is presently 2.5 days.

Flaherty & Crumrine Total Return Fund Stock Up 0.2%

FLC stock traded up $0.03 during midday trading on Friday, reaching $18.02. 15,048 shares of the company’s stock traded hands, compared to its average volume of 19,985. Flaherty & Crumrine Total Return Fund has a 52-week low of $14.80 and a 52-week high of $18.08. The stock’s 50-day moving average is $17.58 and its 200 day moving average is $17.51.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a $0.1037 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, April 23rd.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several hedge funds have recently bought and sold shares of FLC. Global Retirement Partners LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth about $57,000. Wolverine Asset Management LLC increased its holdings in Flaherty & Crumrine Total Return Fund by 185.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 4,193 shares of the company’s stock worth $71,000 after acquiring an additional 2,724 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Flaherty & Crumrine Total Return Fund during the second quarter valued at approximately $180,000. Capital Investment Advisors LLC purchased a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at approximately $181,000. Finally, Cetera Investment Advisers bought a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth approximately $199,000.

Flaherty & Crumrine Total Return Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.

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