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 significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 66,052 shares, an increase of 79.3% from the January 29th total of 36,842 shares. Based on an average daily volume of 52,651 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 52,651 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Samalin Investment Counsel LLC boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.3% in the third quarter. Samalin Investment Counsel LLC now owns 45,675 shares of the company’s stock valued at $988,000 after acquiring an additional 604 shares in the last quarter. Allworth Financial LP lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% in the 2nd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares during the period. Smith Asset Management Co. LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.0% during the 3rd quarter. Smith Asset Management Co. LLC now owns 101,043 shares of the company’s stock valued at $2,187,000 after purchasing an additional 954 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% during the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after buying an additional 1,048 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 68,780 shares of the company’s stock valued at $1,412,000 after buying an additional 1,086 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.3%

NYSE:DFP traded down $0.08 during mid-day trading on Friday, reaching $21.73. 35,847 shares of the company’s stock traded hands, compared to its average volume of 50,132. The company has a 50 day moving average price of $21.35 and a 200-day moving average price of $21.34. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $18.20 and a 12-month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a dividend of $0.127 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.