Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Grows By 49.2%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 47,000 shares, an increase of 49.2% from the May 15th total of 31,500 shares. Based on an average daily volume of 31,200 shares, the short-interest ratio is presently 1.5 days.

Flaherty & Crumrine Total Return Fund Stock Performance

FLC stock traded down $0.05 during midday trading on Friday, reaching $15.30. The stock had a trading volume of 17,212 shares, compared to its average volume of 33,848. The firm has a fifty day simple moving average of $15.13 and a two-hundred day simple moving average of $14.98. Flaherty & Crumrine Total Return Fund has a 52-week low of $12.62 and a 52-week high of $15.58.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 23rd were paid a $0.0897 dividend. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous dividend of $0.08. The ex-dividend date was Wednesday, May 22nd. This represents a yield of 6.97%.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter worth about $31,000. ORG Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 1st quarter worth about $37,000. HighTower Advisors LLC grew its position in Flaherty & Crumrine Total Return Fund by 63.7% during the 3rd quarter. HighTower Advisors LLC now owns 24,313 shares of the company’s stock worth $319,000 after purchasing an additional 9,463 shares during the period. Koshinski Asset Management Inc. grew its position in Flaherty & Crumrine Total Return Fund by 100.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 25,120 shares of the company’s stock worth $365,000 after purchasing an additional 12,560 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 1st quarter worth about $415,000.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.