Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Rises By 14.4%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 10,300 shares, a growth of 14.4% from the May 15th total of 9,000 shares. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is currently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of NYSE:DFP traded down $0.09 during trading on Friday, hitting $18.79. 39,169 shares of the stock were exchanged, compared to its average volume of 51,467. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $15.45 and a 1-year high of $19.31. The company’s fifty day simple moving average is $18.53 and its 200-day simple moving average is $18.46.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.1107 per share. This represents a dividend yield of 7.03%. The ex-dividend date was Wednesday, May 22nd. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous dividend of $0.10.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several institutional investors have recently modified their holdings of DFP. Relative Value Partners Group LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $4,855,000. International Assets Investment Management LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $2,624,000. RPO LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 157.4% during the 4th quarter. RPO LLC now owns 223,283 shares of the company’s stock worth $3,963,000 after purchasing an additional 136,538 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.1% during the 1st quarter. Raymond James & Associates now owns 682,443 shares of the company’s stock worth $13,082,000 after purchasing an additional 78,852 shares in the last quarter. Finally, Revisor Wealth Management LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $936,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.