Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 14,874 shares, a decrease of 68.3% from the November 30th total of 46,849 shares. Based on an average daily trading volume, of 87,824 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 87,824 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the second quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after buying an additional 700 shares during the period. AdvisorNet Financial Inc acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth approximately $87,000. Triumph Capital Management acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $92,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter valued at approximately $97,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 158.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,573 shares of the company’s stock valued at $142,000 after purchasing an additional 4,028 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP stock traded down $0.04 during midday trading on Friday, hitting $20.81. The company’s stock had a trading volume of 56,144 shares, compared to its average volume of 58,205. The firm has a 50-day simple moving average of $21.25 and a 200-day simple moving average of $21.09. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52-week low of $18.20 and a 52-week high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.127 per share. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a yield of 7.3%.

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.