Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Stock Short Interest Report for October

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 19,095 shares, an increase of 82.1% from the September 30th total of 10,488 shares. Based on an average daily trading volume, of 81,509 shares, the days-to-cover ratio is presently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.4%

Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.08 during mid-day trading on Monday, hitting $18.93. The company’s stock had a trading volume of 111,751 shares, compared to its average volume of 59,974. The stock’s fifty day moving average is $19.38 and its two-hundred day moving average is $20.50. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1 year low of $18.35 and a 1 year high of $22.05.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.1314 per share. The ex-dividend date is Friday, November 20th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Advisors LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.6% during the third quarter. Capital Investment Advisors LLC now owns 27,157 shares of the company’s stock worth $513,000 after buying an additional 3,241 shares during the period. Capital Analysts LLC raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% in the 2nd quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after acquiring an additional 2,149 shares during the period. Triumph Capital Management raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock valued at $132,000 after acquiring an additional 1,100 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% in the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock worth $1,013,000 after acquiring an additional 50,420 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth approximately $427,000.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing investments.

The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.