Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Grows By 137.8%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 102,391 shares, a growth of 137.8% from the June 15th total of 43,066 shares. Based on an average trading volume of 115,158 shares, the short-interest ratio is currently 0.9 days.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.1%

Shares of NYSE FFC traded up $0.01 during trading on Wednesday, hitting $16.28. The company had a trading volume of 45,709 shares, compared to its average volume of 115,077. The stock has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $16.18. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $14.98 and a fifty-two week high of $17.00.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several institutional investors have recently bought and sold shares of the company. Fiera Capital Corp boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% in the fourth quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock worth $2,817,000 after acquiring an additional 71,584 shares during the last quarter. Bard Associates Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.7% during the fourth quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock worth $20,141,000 after purchasing an additional 365,085 shares in the last quarter. Ceera Investments LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the 4th quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 960 shares during the last quarter. Csenge Advisory Group raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 0.8% in the 4th quarter. Csenge Advisory Group now owns 320,310 shares of the financial services provider’s stock valued at $5,288,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Everstar Asset Management LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 5.4% in the 4th quarter. Everstar Asset Management LLC now owns 50,473 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 2,573 shares during the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.