Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 14,874 shares, a decline of 68.3% from the November 30th total of 46,849 shares. Based on an average trading volume of 87,824 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 87,824 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% during the third quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock valued at $27,732,000 after acquiring an additional 198,497 shares during the period. Smith Asset Management Co. LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter valued at about $1,985,000. Whipplewood Advisors LLC lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,791.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 93,985 shares of the company’s stock valued at $1,930,000 after purchasing an additional 90,735 shares during the last quarter. 1607 Capital Partners LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at about $1,720,000. Finally, Shaker Financial Services LLC grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 77.1% during the second quarter. Shaker Financial Services LLC now owns 130,860 shares of the company’s stock worth $2,687,000 after buying an additional 56,988 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

NYSE:DFP traded down $0.04 during mid-day trading on Friday, hitting $20.81. The company’s stock had a trading volume of 56,144 shares, compared to its average volume of 58,205. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $18.20 and a fifty-two week high of $22.11. The stock has a fifty day moving average of $21.25 and a 200-day moving average of $21.09.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be given a dividend of $0.127 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, January 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.