Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,499 shares, an increase of 95.2% from the July 30th total of 2,305 shares. Based on an average daily trading volume, of 11,741 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in Flaherty & Crumrine Total Return Fund during the 2nd quarter worth $4,414,000. Sit Investment Associates Inc. grew its stake 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 valued at $18,185,000 after acquiring an additional 66,761 shares during the period. Closed End Fund Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth about $789,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 21.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock worth $4,081,000 after acquiring an additional 42,263 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 114.4% in the fourth quarter. Fiera Capital Corp now owns 70,401 shares of the company’s stock worth $1,232,000 after acquiring an additional 37,558 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of Flaherty & Crumrine Total Return Fund stock traded down $0.03 during trading on Monday, hitting $16.56. 18,752 shares of the company were exchanged, compared to its average volume of 20,948. The firm’s fifty day moving average price is $16.79 and its 200 day moving average price is $16.99. Flaherty & Crumrine Total Return Fund has a 1-year low of $15.89 and a 1-year high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a dividend of $0.1067 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a c) annualized dividend and a yield of 7.7%.

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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