Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Decreases By 37.0%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,605 shares, a drop of 37.0% from the May 31st total of 10,488 shares. Based on an average daily volume of 82,999 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock valued at $106,000 after acquiring an additional 1,022 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock worth $735,000 after acquiring an additional 1,048 shares during the period. Private Advisor Group LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% in the 1st quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock worth $801,000 after acquiring an additional 1,069 shares during the period. Cetera Investment Advisers increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock valued at $459,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.9% during the fourth quarter. Principal Securities Inc. now owns 39,248 shares of the company’s stock worth $816,000 after purchasing an additional 1,471 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.1%

Shares of NYSE DFP traded up $0.03 during trading hours on Friday, reaching $20.73. The stock had a trading volume of 64,265 shares, compared to its average volume of 54,920. The firm has a 50-day moving average of $20.58 and a 200-day moving average of $20.89. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $19.56 and a fifty-two week 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, July 31st. Stockholders of record on Friday, July 24th will be given a dividend of $0.1295 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.