Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Down 54.6% in April

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 18,325 shares, a drop of 54.6% from the April 15th total of 40,336 shares. Based on an average daily volume of 26,419 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter worth about $57,000. Cetera Investment Advisers acquired a new stake in Flaherty & Crumrine Total Return Fund during the 2nd quarter worth about $199,000. Seven Mile Advisory acquired a new stake in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth about $230,000. Kovack Advisors Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter worth about $226,000. Finally, Wedbush Securities Inc. boosted its position in Flaherty & Crumrine Total Return Fund by 50.5% during the 3rd quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after acquiring an additional 5,050 shares during the period.

Flaherty & Crumrine Total Return Fund Trading Down 0.6%

Shares of NYSE:FLC traded down $0.11 during midday trading on Friday, reaching $16.86. The company had a trading volume of 38,030 shares, compared to its average volume of 22,439. Flaherty & Crumrine Total Return Fund has a 1-year low of $16.25 and a 1-year high of $18.09. The company has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $17.37.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a dividend of $0.1047 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

About Flaherty & Crumrine Total Return Fund

(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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