Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Stock Short Interest Drops 99.1%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 654 shares, a decline of 99.1% from the September 30th total of 76,195 shares. Based on an average daily volume of 276,270 shares, the days-to-cover ratio is currently 0.0 days.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.2%

FFC stock traded down $0.03 during midday trading on Monday, hitting $14.34. 249,035 shares of the company traded hands, compared to its average volume of 124,849. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $14.26 and a twelve month high of $16.95. The business has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $15.94.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.1046 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, November 20th.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Several large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $168,000. Park Avenue Securities LLC lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 1.7% during the 3rd quarter. Park Avenue Securities LLC now owns 81,285 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 1,368 shares during the last quarter. Wedbush Securities Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth $317,000. Smith Asset Management Co. LLC lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the 3rd quarter. Smith Asset Management Co. LLC now owns 75,792 shares of the financial services provider’s stock worth $1,132,000 after acquiring an additional 876 shares during the last quarter. Finally, Sage Capital Advisors llc boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 74.8% during the third quarter. Sage Capital Advisors llc now owns 35,308 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 15,105 shares during the period.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol FFC. The fund seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing securities.

The fund’s portfolio may include preferred stocks, hybrid securities, corporate bonds and other fixed-income instruments issued by companies in sectors such as financial services, utilities, real estate investment trusts and industrials.