Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 36.7% in November

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 20,500 shares, a growth of 36.7% from the November 15th total of 15,000 shares. Based on an average trading volume of 61,000 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of hedge funds have recently made changes to their positions in DFP. Northwestern Mutual Wealth Management Co. increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after purchasing an additional 1,197 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth $160,000. Aviance Capital Partners LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth $203,000. Concurrent Investment Advisors LLC raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% in the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after buying an additional 5,351 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% in the second quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock worth $354,000 after buying an additional 2,100 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.0 %

Shares of DFP stock traded up $0.01 on Friday, reaching $20.49. 43,576 shares of the company were exchanged, compared to its average volume of 55,708. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $17.75 and a 1 year high of $21.73. The business has a 50-day moving average price of $20.61 and a 200 day moving average price of $20.10.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.032 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.38 annualized dividend and a yield of 1.87%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.