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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 18,325 shares, a decrease of 54.6% from the April 15th total of 40,336 shares. Based on an average daily trading volume, of 26,419 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $57,000. Cetera Investment Advisers acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth about $199,000. Seven Mile Advisory acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth about $230,000. Kovack Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $226,000. Finally, Wedbush Securities Inc. lifted its position in shares of Flaherty & Crumrine Total Return Fund by 50.5% during the third quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after purchasing an additional 5,050 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Trading Down 0.6%

NYSE FLC traded down $0.11 during trading hours on Friday, reaching $16.86. The company had a trading volume of 38,030 shares, compared to its average volume of 22,439. The stock has a 50-day moving average of $16.99 and a 200 day moving average of $17.37. Flaherty & Crumrine Total Return Fund has a 1-year low of $16.25 and a 1-year high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

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

About Flaherty & Crumrine Total Return Fund

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.