Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 95.2% in August

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,499 shares, a growth of 95.2% from the July 30th total of 2,305 shares. Based on an average trading volume of 11,741 shares, the short-interest ratio is presently 0.4 days.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC stock remained flat at $16.59 during trading hours on Friday. 11,425 shares of the stock were exchanged, compared to its average volume of 20,961. The business has a 50 day moving average of $16.79 and a two-hundred day moving average of $17.00. Flaherty & Crumrine Total Return Fund has a 52-week low of $15.89 and a 52-week high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be issued a $0.1067 dividend. The ex-dividend date is Friday, October 23rd. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of large investors have recently added to or reduced their stakes in FLC. Global Retirement Partners LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $57,000. Cetera Investment Advisers bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth $199,000. Seven Mile Advisory bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth $230,000. Kovack Advisors Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund during the fourth quarter valued at $226,000. Finally, Readystate Asset Management LP purchased a new stake in Flaherty & Crumrine Total Return Fund during the second quarter valued at $261,000.

Flaherty & Crumrine Total Return Fund Company Profile

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.