Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Grows By 15.1%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 12,200 shares, a growth of 15.1% from the March 15th total of 10,600 shares. Based on an average daily trading volume, of 53,500 shares, the days-to-cover ratio is presently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.7 %

Shares of DFP traded up $0.12 during mid-day trading on Tuesday, hitting $17.98. The company’s stock had a trading volume of 57,465 shares, compared to its average volume of 52,760. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $15.45 and a 1-year high of $19.31. The firm has a 50-day simple moving average of $18.70 and a 200 day simple moving average of $17.80.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a $0.1075 dividend. This represents a $1.29 annualized dividend and a yield of 7.17%. The ex-dividend date is Monday, April 22nd.

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

Several hedge funds have recently bought and sold shares of DFP. US Bancorp DE purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth $33,000. MeadowBrook Investment Advisors LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $36,000. Comerica Bank purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth $42,000. McGlone Suttner Wealth Management Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $63,000. Finally, FMR LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter worth $122,000.

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.