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 large drop in short interest in May. As of May 29th, there was short interest totaling 10,488 shares, a drop of 43.1% from the May 14th total of 18,437 shares. Based on an average daily volume of 65,433 shares, the short-interest ratio is currently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.2%

NYSE DFP opened at $20.26 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52 week low of $19.56 and a 52 week high of $22.11. The business’s fifty day simple moving average is $20.66 and its 200-day simple moving average is $20.96.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a $0.1295 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, July 24th.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of DFP. Cetera Investment Advisers raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock valued at $455,000 after buying an additional 1,398 shares during the period. Invesco Ltd. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% during the second quarter. Invesco Ltd. now owns 310,380 shares of the company’s stock worth $6,372,000 after purchasing an additional 9,360 shares during the period. Baird Financial Group Inc. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 40.6% during the second quarter. Baird Financial Group Inc. now owns 19,489 shares of the company’s stock worth $400,000 after purchasing an additional 5,630 shares during the period. NewEdge Advisors LLC increased its stake in 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 worth $735,000 after purchasing an additional 1,048 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.3% during the second quarter. Raymond James Financial Inc. now owns 1,083,013 shares of the company’s stock worth $22,234,000 after purchasing an additional 92,266 shares during the period.

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.