Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Shares Shorted: Short Interest Up 284.0% in September

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 30,626 shares, a growth of 284.0% from the August 31st total of 7,976 shares. Based on an average trading volume of 29,204 shares, the days-to-cover ratio is presently 1.0 days.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC opened at $15.76 on Monday. The firm has a 50 day simple moving average of $16.54 and a two-hundred day simple moving average of $16.77. Flaherty & Crumrine Total Return Fund has a one year low of $15.64 and a one year high of $18.09.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a $0.1067 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.28 annualized dividend and a dividend yield of 8.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $57,000. Noble Wealth Management PBC grew its position in Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after acquiring an additional 8,257 shares during the last quarter. Cetera Investment Advisers increased its holdings in Flaherty & Crumrine Total Return Fund by 45.5% in the 1st quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock worth $479,000 after purchasing an additional 9,014 shares in the last quarter. Readystate Asset Management LP bought a new position in Flaherty & Crumrine Total Return Fund in the second quarter valued at about $261,000. Finally, Susquehanna International Group LLP bought a new position in Flaherty & Crumrine Total Return Fund in the second quarter valued at about $297,000.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund (NYSE:FLC) is a closed-end management investment company designed to provide investors with total return through a combination of current income and capital appreciation. The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-oriented investments.

FLC invests primarily in preferred securities and other income-producing securities, including securities issued by companies in sectors such as financial services, utilities and real estate.