Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 10,488 shares, a growth of 269.0% from the September 15th total of 2,842 shares. Based on an average trading volume of 95,697 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund
A number of institutional investors have recently bought and sold shares of the stock. Capital Analysts LLC lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% during the second quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock worth $751,000 after buying an additional 2,149 shares during the period. Triumph Capital Management grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% during the second quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after acquiring an additional 1,100 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% in the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock valued at $1,013,000 after purchasing an additional 50,420 shares during the period. Shaker Financial Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $427,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock worth $4,520,000 after purchasing an additional 43,356 shares in the last quarter.
Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance
DFP stock traded down $0.04 during trading on Tuesday, reaching $18.81. 14,092 shares of the company traded hands, compared to its average volume of 58,315. The business has a 50 day simple moving average of $19.95 and a 200 day simple moving average of $20.39. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $18.59 and a 12 month high of $22.05.
Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend
Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile
Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments.
The fund’s portfolio may include preferred stocks, hybrid securities, corporate debt and other fixed-income instruments issued by companies in sectors such as financial services, utilities and real estate.
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