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

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 10,019 shares, a drop of 62.6% from the January 29th total of 26,808 shares. Based on an average trading volume of 36,167 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 36,167 shares, the short-interest ratio is currently 0.3 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Webster Bank N. A. bought a new position in shares of Flaherty & Crumrine Preferred and Income Fund during the 4th quarter valued at about $28,000. Raymond James Financial Inc. acquired a new stake in Flaherty & Crumrine Preferred and Income Fund during the second quarter valued at approximately $49,000. AlphaCore Capital LLC bought a new stake in Flaherty & Crumrine Preferred and Income Fund during the fourth quarter worth approximately $127,000. Guggenheim Capital LLC acquired a new position in Flaherty & Crumrine Preferred and Income Fund in the fourth quarter worth approximately $232,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Flaherty & Crumrine Preferred and Income Fund by 9.5% in the second quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock valued at $287,000 after buying an additional 2,709 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

PFO traded down $0.02 during trading on Friday, reaching $9.52. The stock had a trading volume of 30,569 shares, compared to its average volume of 28,786. Flaherty & Crumrine Preferred and Income Fund has a 1-year low of $8.01 and a 1-year high of $9.90. The stock has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.56.

Flaherty & Crumrine Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be issued a $0.0546 dividend. The ex-dividend date is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 6.9%.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.