Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Grows By 15.8%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 64,400 shares, a growth of 15.8% from the January 15th total of 55,600 shares. Based on an average daily volume of 29,500 shares, the short-interest ratio is currently 2.2 days.

Flaherty & Crumrine Total Return Fund Trading Up 0.6 %

FLC traded up $0.11 during trading hours on Monday, hitting $17.23. The company’s stock had a trading volume of 15,134 shares, compared to its average volume of 23,071. The business’s 50-day moving average price is $16.85 and its 200-day moving average price is $16.82. 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 Announces Dividend

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 $0.0937 dividend. This represents a $1.12 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently bought and sold shares of the business. HighTower Advisors LLC increased its position in Flaherty & Crumrine Total Return Fund by 36.0% in the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after purchasing an additional 5,574 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter valued at $278,000. Catalina Capital Group LLC bought a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at $178,000. MeadowBrook Investment Advisors LLC increased its position in Flaherty & Crumrine Total Return Fund by 67.9% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Pathstone Holdings LLC increased its position in 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 valued at $1,531,000 after acquiring an additional 53,648 shares during the last quarter.

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.