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