Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Large Growth in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 13,200 shares, an increase of 8.2% from the March 31st total of 12,200 shares. Based on an average daily trading volume, of 52,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DFP. MeadowBrook Investment Advisors LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth about $36,000. McGlone Suttner Wealth Management Inc. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth approximately $63,000. All Season Financial Advisors Inc. increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.8% during the 3rd quarter. All Season Financial Advisors Inc. now owns 18,258 shares of the company’s stock worth $306,000 after purchasing an additional 828 shares during the period. Shaker Financial Services LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $308,000. Finally, Samalin Investment Counsel LLC lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 58.9% in the 3rd quarter. Samalin Investment Counsel LLC now owns 23,167 shares of the company’s stock worth $389,000 after buying an additional 8,585 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP traded down $0.10 during trading hours on Tuesday, reaching $18.05. 48,816 shares of the company’s stock traded hands, compared to its average volume of 51,092. The firm has a 50-day moving average price of $18.64 and a 200 day moving average price of $17.92. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52-week low of $15.45 and a 52-week high of $19.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.1107 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date is Wednesday, May 22nd.

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.