Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Grows By 377.5%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 82,600 shares, an increase of 377.5% from the December 15th total of 17,300 shares. Based on an average trading volume of 30,400 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Pathstone Holdings LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 153.9% during the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock worth $1,531,000 after acquiring an additional 53,648 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth about $980,000. HighTower Advisors LLC raised its stake in shares of Flaherty & Crumrine Total Return Fund by 36.0% in the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after purchasing an additional 5,574 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 11.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Catalina Capital Group LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth about $178,000.

Flaherty & Crumrine Total Return Fund Stock Up 0.1 %

Shares of Flaherty & Crumrine Total Return Fund stock traded up $0.01 during trading hours on Tuesday, hitting $16.55. The company’s stock had a trading volume of 29,843 shares, compared to its average volume of 23,993. The stock has a 50 day moving average of $16.74 and a 200 day moving average of $16.60. Flaherty & Crumrine Total Return Fund has a 12 month low of $14.51 and a 12 month high of $17.48.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.0343 per share. The ex-dividend date is Friday, January 24th. This represents a $0.41 dividend on an annualized basis and a yield of 2.49%.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return 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 stocks of companies operating across utilities and banking sectors.