Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Down 67.1% in January

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 32,368 shares, a decline of 67.1% from the December 31st total of 98,475 shares. Based on an average daily trading volume, of 108,466 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 108,466 shares, the short-interest ratio is presently 0.3 days.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.3%

Shares of FFC traded down $0.05 during midday trading on Wednesday, reaching $16.55. The company had a trading volume of 113,083 shares, compared to its average volume of 102,627. Flaherty & Crumrine Preferred Securities Income Fund has a 1-year low of $14.20 and a 1-year high of $17.00. The firm has a 50 day simple moving average of $16.56 and a 200-day simple moving average of $16.55.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a $0.1005 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth $27,000. Sound Income Strategies LLC lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,060 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth about $67,000. Mather Group LLC. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at about $79,000. Finally, Gridiron Partners LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 229.1% in the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 338,939 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.