Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Sees Significant Increase in Short Interest

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 78,528 shares, an increase of 18.9% from the February 12th total of 66,052 shares. Based on an average daily trading volume, of 34,365 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 34,365 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock worth $27,732,000 after acquiring an additional 198,497 shares during the period. Sit Investment Associates Inc. increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% during the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock valued at $9,258,000 after acquiring an additional 86,981 shares during the period. Guggenheim Capital LLC raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.8% during the second quarter. Guggenheim Capital LLC now owns 345,568 shares of the company’s stock worth $7,095,000 after purchasing an additional 33,652 shares in the last quarter. Invesco Ltd. raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.6% during the third quarter. Invesco Ltd. now owns 324,801 shares of the company’s stock worth $7,029,000 after purchasing an additional 14,421 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock worth $3,291,000 after purchasing an additional 36,304 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded down $0.06 during mid-day trading on Wednesday, reaching $20.87. The company’s stock had a trading volume of 40,009 shares, compared to its average volume of 48,397. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.20 and a twelve month high of $22.11. The business has a 50 day moving average price of $21.41 and a 200-day moving average price of $21.37.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be given a $0.127 dividend. The ex-dividend date of this dividend is Thursday, April 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.