Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Expands By 95.2%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,499 shares, a growth 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.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter worth about $57,000. Cetera Investment Advisers purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the 2nd quarter worth approximately $199,000. Kovack Advisors Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter worth approximately $226,000. Seven Mile Advisory bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth approximately $230,000. Finally, Readystate Asset Management LP bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth approximately $261,000.

Flaherty & Crumrine Total Return Fund Trading Down 0.2%

NYSE:FLC opened at $16.55 on Tuesday. The firm’s fifty day simple moving average is $16.79 and its 200 day simple moving average is $16.98. Flaherty & Crumrine Total Return Fund has a twelve month low of $15.89 and a twelve month high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.1067 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.