Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Sees Large Drop in Short Interest

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 21,249 shares, a drop of 64.6% from the February 12th total of 60,053 shares. Based on an average trading volume of 106,509 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 106,509 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,060 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $67,000. Mather Group LLC. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $79,000. Gridiron Partners LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 229.1% during the third quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 338,939 shares during the period. Finally, Larson Financial Group LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at approximately $93,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.0%

Shares of FFC stock opened at $15.74 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund has a 1 year low of $14.20 and a 1 year high of $17.00. The stock has a fifty day moving average of $16.60 and a two-hundred day moving average of $16.61.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be paid a dividend of $0.1005 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, April 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.