Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Decreases By 35.5%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 6,900 shares, a decline of 35.5% from the May 31st total of 10,695 shares. Based on an average trading volume of 16,448 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several institutional investors and hedge funds have recently modified their holdings of FLC. Osaic Holdings Inc. boosted its holdings in Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after buying an additional 629 shares during the period. Wells Fargo & Company MN raised its holdings in Flaherty & Crumrine Total Return Fund by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock valued at $394,000 after acquiring an additional 1,967 shares during the period. Advisors Asset Management Inc. raised its holdings in Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after acquiring an additional 2,002 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $57,000. Finally, Invesco Ltd. lifted its position in shares of Flaherty & Crumrine Total Return Fund by 2.4% in the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after acquiring an additional 3,386 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Flaherty & Crumrine Total Return Fund stock opened at $16.95 on Thursday. The firm has a 50 day moving average of $16.89 and a 200 day moving average of $17.21. Flaherty & Crumrine Total Return Fund has a 12-month low of $15.89 and a 12-month high of $18.09.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.1047 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Friday, July 24th.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.