Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Short Interest Down 45.9% in February

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 8,600 shares, a decrease of 45.9% from the January 31st total of 15,900 shares. Based on an average trading volume of 30,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth about $97,000. Invesco Ltd. acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth about $113,000. Jag Capital Management LLC acquired a new position in Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter valued at about $120,000. Bank of America Corp DE increased its stake in Flaherty & Crumrine Preferred Income Opportunity Fund by 7.4% during the 4th quarter. Bank of America Corp DE now owns 21,790 shares of the company’s stock valued at $196,000 after buying an additional 1,500 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Flaherty & Crumrine Preferred Income Opportunity Fund by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 33,668 shares of the company’s stock valued at $303,000 after buying an additional 10,886 shares during the period. 12.90% of the stock is currently owned by institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.2 %

Shares of Flaherty & Crumrine Preferred Income Opportunity Fund stock traded up $0.02 during trading hours on Monday, reaching $9.25. The company’s stock had a trading volume of 35,146 shares, compared to its average volume of 26,831. The company’s 50 day simple moving average is $9.12 and its 200 day simple moving average is $9.18. Flaherty & Crumrine Preferred Income Opportunity Fund has a one year low of $7.89 and a one year high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.0505 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.55%.

About Flaherty & Crumrine Preferred Income Opportunity Fund

Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.