Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Shorted: Short Interest Up 82.1% in October

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 19,095 shares, a growth of 82.1% from the September 30th total of 10,488 shares. Based on an average daily trading volume, of 81,509 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of large investors have recently bought and sold shares of the stock. Capital Investment Advisors LLC grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.6% during the third quarter. Capital Investment Advisors LLC now owns 27,157 shares of the company’s stock valued at $513,000 after acquiring an additional 3,241 shares during the period. Capital Analysts LLC lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% in the 2nd quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after purchasing an additional 2,149 shares in the last quarter. Triumph Capital Management grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% during the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after purchasing an additional 1,100 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% during the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock worth $1,013,000 after purchasing an additional 50,420 shares during the period. Finally, Shaker Financial Services LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth approximately $427,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

Shares of DFP stock traded up $0.01 during trading hours on Friday, hitting $18.87. 107,185 shares of the company were exchanged, compared to its average volume of 59,726. The firm has a fifty day moving average of $19.38 and a 200 day moving average of $20.50. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $18.35 and a 1 year high of $22.05.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.1314 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $1.58 annualized dividend and a yield of 8.4%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing investments.

The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.