Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Shares Shorted: Short Interest Up 125.6% in October

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 53,950 shares, a growth of 125.6% from the September 30th total of 23,909 shares. Based on an average trading volume of 41,709 shares, the days-to-cover ratio is presently 1.3 days.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE:FLC traded down $0.16 during trading hours on Friday, reaching $15.64. 19,628 shares of the company were exchanged, compared to its average volume of 24,606. The stock’s 50-day moving average is $15.97 and its 200-day moving average is $16.81. Flaherty & Crumrine Total Return Fund has a twelve month low of $15.33 and a twelve month high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.1067 per share. This represents a $1.28 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLC. Global Retirement Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at approximately $57,000. Wedbush Securities Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $197,000. Readystate Asset Management LP purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at approximately $261,000. Susquehanna International Group LLP acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth approximately $297,000. Finally, Cetera Investment Advisers boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 45.5% in the first quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock worth $479,000 after acquiring an additional 9,014 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund (NYSE: FLC) is a closed-end investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund invests primarily in preferred securities and other income-producing investments.

FLC’s portfolio may include preferred stocks, hybrid securities, corporate debt, and other fixed-income instruments. The fund generally emphasizes securities issued by companies in the financial services sector, while also investing across other industries and in issuers based in the United States and other countries.

The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-oriented investments.