Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,898 shares, a decline of 73.8% from the December 15th total of 14,874 shares. Based on an average trading volume of 63,553 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 63,553 shares, the days-to-cover ratio is currently 0.1 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of NYSE DFP traded up $0.03 during midday trading on Tuesday, reaching $21.21. 55,203 shares of the stock were exchanged, compared to its average volume of 51,181. The firm has a 50-day simple moving average of $21.11 and a two-hundred day simple moving average of $21.15. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.20 and a twelve month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.127 per share. The ex-dividend date is Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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

A number of hedge funds have recently bought and sold shares of DFP. Triumph Capital Management purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth $92,000. Stance Capital LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $182,000. 1607 Capital Partners LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at about $1,720,000. Raymond James Financial Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock valued at $27,732,000 after acquiring an additional 198,497 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.6% in the 3rd quarter. Invesco Ltd. now owns 324,801 shares of the company’s stock valued at $7,029,000 after acquiring an additional 14,421 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.