Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Declines By 28.1%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 46,300 shares, a drop of 28.1% from the January 31st total of 64,400 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of large investors have recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in Flaherty & Crumrine Total Return Fund by 36.0% during the 3rd 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 period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter worth $278,000. Catalina Capital Group LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter valued at $178,000. Noble Wealth Management PBC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $2,468,000. Finally, MeadowBrook Investment Advisors LLC lifted its stake in Flaherty & Crumrine Total Return Fund by 67.9% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares during the period.

Flaherty & Crumrine Total Return Fund Stock Down 0.5 %

Shares of NYSE:FLC traded down $0.09 on Tuesday, hitting $16.95. 43,080 shares of the company’s stock were exchanged, compared to its average volume of 22,809. Flaherty & Crumrine Total Return Fund has a 12 month low of $14.51 and a 12 month high of $17.48. The business’s 50 day simple moving average is $16.91 and its two-hundred day simple moving average is $16.91.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.0937 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.