Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 180.9% in July

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 52,631 shares, an increase of 180.9% from the June 30th total of 18,736 shares. Based on an average daily trading volume, of 44,600 shares, the days-to-cover ratio is currently 1.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.8%

NYSE DFP traded up $0.16 on Monday, hitting $20.77. 38,609 shares of the stock traded hands, compared to its average volume of 54,100. The stock has a 50-day moving average of $20.55 and a 200 day moving average of $20.89. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $19.56 and a twelve month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a $0.1314 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, October 23rd.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at $36,000. Triumph Capital Management acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth $92,000. AdvisorNet Financial Inc lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% in the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after buying an additional 1,022 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth about $141,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at about $158,000.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.