Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 18,500 shares, a growth of 23.3% from the October 15th total of 15,000 shares. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $4,911,000. HighTower Advisors LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after purchasing an additional 3,999 shares in the last quarter. Aviance Capital Partners LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth about $203,000. Concurrent Investment Advisors LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock worth $351,000 after purchasing an additional 921 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth about $413,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of DFP stock traded down $0.11 during mid-day trading on Friday, reaching $20.25. 41,555 shares of the company’s stock traded hands, compared to its average volume of 56,090. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $16.68 and a 12 month high of $21.73. The company’s 50-day moving average price is $20.95 and its 200-day moving average price is $19.86.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.1151 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Thursday, November 21st. This is a boost from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

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.