Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 6,041 shares, a decrease of 31.6% from the November 30th total of 8,827 shares. Based on an average daily volume of 33,303 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 33,303 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC grew its position in shares of Flaherty & Crumrine Total Return Fund by 185.4% during the second quarter. Wolverine Asset Management LLC now owns 4,193 shares of the company’s stock worth $71,000 after acquiring an additional 2,724 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Flaherty & Crumrine Total Return Fund during the 2nd quarter worth $180,000. Capital Investment Advisors LLC purchased a new position in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth $181,000. Cetera Investment Advisers acquired a new position in Flaherty & Crumrine Total Return Fund in the second quarter valued at $199,000. Finally, Seven Mile Advisory purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter valued at about $230,000.

Flaherty & Crumrine Total Return Fund Stock Up 0.0%

Shares of NYSE:FLC traded up $0.01 during trading on Monday, hitting $17.37. 31,867 shares of the company were exchanged, compared to its average volume of 25,075. The firm’s 50 day moving average price is $17.45 and its 200-day moving average price is $17.35. Flaherty & Crumrine Total Return Fund has a 12-month low of $14.80 and a 12-month high of $17.93.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be issued a $0.1037 dividend. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, January 23rd.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.