Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get 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
Flaherty & Crumrine Total Return Fund Company Profile
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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