Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Down 35.5% in June

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Free Report) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6,900 shares, a decrease of 35.5% from the May 31st total of 10,695 shares. Based on an average daily trading volume, of 16,448 shares, the short-interest ratio is currently 0.4 days.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE FLC opened at $16.95 on Thursday. Flaherty & Crumrine Total Return Fund has a 1-year low of $15.89 and a 1-year high of $18.09. The business has a 50 day simple moving average of $16.89 and a two-hundred day simple moving average of $17.21.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be given a dividend of $0.1047 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Friday, July 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. increased its position in Flaherty & Crumrine Total Return Fund by 6.9% in the fourth quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock worth $18,185,000 after purchasing an additional 66,761 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Flaherty & Crumrine Total Return Fund by 0.8% in the 4th quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock worth $4,173,000 after buying an additional 2,002 shares in the last quarter. Noble Wealth Management PBC grew its stake in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after buying an additional 8,257 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 57.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock worth $2,779,000 after buying an additional 57,626 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.4% in the 2nd quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock worth $2,475,000 after buying an additional 3,386 shares during the last quarter.

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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