Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Down 49.7% in January

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 44,900 shares, a drop of 49.7% from the January 15th total of 89,200 shares. Based on an average daily trading volume, of 134,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $65,000. Arkadios Wealth Advisors bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth about $168,000. Jane Street Group LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at about $173,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth about $173,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth approximately $190,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC traded up $0.10 during trading hours on Friday, reaching $16.21. The company had a trading volume of 73,866 shares, compared to its average volume of 123,102. The stock has a 50-day moving average of $15.82 and a two-hundred day moving average of $15.85. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $13.72 and a one year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.092 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 6.81%.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.