Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Declines By 40.5%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 98,475 shares, a decline of 40.5% from the December 15th total of 165,552 shares. Based on an average trading volume of 135,198 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 135,198 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Integrated Capital Management Inc. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% in the third quarter. Integrated Capital Management Inc. now owns 19,178 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 596 shares during the period. Stolper Co raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.9% during the fourth quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 930 shares during the period. Smith Asset Management Co. LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.3% in the 3rd quarter. Smith Asset Management Co. LLC now owns 72,977 shares of the financial services provider’s stock worth $1,233,000 after purchasing an additional 1,613 shares in the last quarter. Silver Oak Securities Incorporated grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 13.2% in the 3rd quarter. Silver Oak Securities Incorporated now owns 14,088 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 1,647 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter valued at $27,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.7%

NYSE FFC traded down $0.11 on Friday, hitting $16.58. 92,701 shares of the company were exchanged, compared to its average volume of 106,982. The stock has a fifty day moving average of $16.58 and a 200-day moving average of $16.55. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $14.20 and a 12 month high of $17.00.

Flaherty & Crumrine Preferred Securities Income 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 paid a $0.1005 dividend. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 7.3%.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.