Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Decreases By 15.0%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 40,947 shares, a decrease of 15.0% from the March 31st total of 48,183 shares. Based on an average daily volume of 63,940 shares, the short-interest ratio is currently 0.6 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.2%

DFP stock traded up $0.05 on Friday, hitting $21.21. 28,398 shares of the company’s stock traded hands, compared to its average volume of 52,706. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $19.56 and a 1-year high of $22.11. The stock has a fifty day moving average of $20.87 and a 200-day moving average of $21.15.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued 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 7.3%.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of large investors have recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% during the first quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock valued at $801,000 after acquiring an additional 1,069 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 19.1% during the first quarter. Janney Montgomery Scott LLC now owns 42,192 shares of the company’s stock valued at $847,000 after acquiring an additional 6,757 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the first 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. Corient Private Wealth LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $602,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% during the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock valued at $9,258,000 after acquiring an additional 86,981 shares during the period.

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.