Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Declines By 39.7%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 104,472 shares, a decline of 39.7% from the August 15th total of 173,180 shares. Based on an average daily trading volume, of 119,729 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fiera Capital Corp lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% during the 4th quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock valued at $2,817,000 after acquiring an additional 71,584 shares during the last quarter. Bard Associates Inc. lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.7% in 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. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 472,352 shares of the financial services provider’s stock valued at $7,690,000 after buying an additional 47,574 shares during the period. Noble Wealth Management PBC boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 77.8% during the second quarter. Noble Wealth Management PBC now owns 72,317 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 31,655 shares during the last quarter. Finally, Ceera Investments LLC grew its stake in shares of 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 buying an additional 960 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.6%

Shares of NYSE:FFC traded up $0.10 on Thursday, hitting $15.58. The company’s stock had a trading volume of 147,462 shares, compared to its average volume of 111,374. The stock’s 50-day moving average is $16.01 and its two-hundred day moving average is $15.97. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.98 and a 12 month high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a dividend of $0.1046 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, October 23rd.

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.