Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Down 37.0% in June

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPGet Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6,605 shares, a decrease of 37.0% from the May 31st total of 10,488 shares. Based on an average daily trading volume, of 82,999 shares, the days-to-cover ratio is presently 0.1 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.73 on Friday. The stock’s fifty day moving average price is $20.57 and its 200-day moving average price is $20.89. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $19.56 and a 12 month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a dividend of $0.1295 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Large investors have recently modified their holdings of the business. Triumph Capital Management bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at approximately $92,000. AdvisorNet Financial Inc raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% in the first quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after buying an additional 1,022 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $141,000. Kestra Advisory Services LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $158,000. Finally, Stance Capital LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $182,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.

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