Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 36.7% in November

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 20,500 shares, an increase of 36.7% from the November 15th total of 15,000 shares. Based on an average daily volume of 61,000 shares, the days-to-cover ratio is presently 0.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1 %

NYSE DFP traded up $0.02 during trading hours on Friday, hitting $20.50. The company’s stock had a trading volume of 44,386 shares, compared to its average volume of 55,708. The stock has a fifty day moving average of $20.61 and a 200 day moving average of $20.11. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $17.75 and a twelve month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.032 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DFP. Northwestern Mutual Wealth Management Co. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after purchasing an additional 1,197 shares in the last quarter. International Assets Investment Management LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at $160,000. Aviance Capital Partners LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $203,000. Concurrent Investment Advisors LLC raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after acquiring an additional 5,351 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% in the second quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock worth $354,000 after buying an additional 2,100 shares in the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.