Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Rises By 57.6%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 10,695 shares, a growth of 57.6% from the May 14th total of 6,787 shares. Based on an average trading volume of 23,611 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently modified their holdings of FLC. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $57,000. Cetera Investment Advisers acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth $199,000. Kovack Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $226,000. Seven Mile Advisory acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $230,000. Finally, Wedbush Securities Inc. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 50.5% during the third quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after purchasing an additional 5,050 shares during the period.

Flaherty & Crumrine Total Return Fund Trading Down 0.1%

FLC traded down $0.01 during trading on Wednesday, hitting $16.83. The company had a trading volume of 17,142 shares, compared to its average volume of 21,880. The business has a 50-day moving average of $16.94 and a 200-day moving average of $17.26. Flaherty & Crumrine Total Return Fund has a 1-year low of $15.89 and a 1-year high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a dividend of $0.1047 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, July 24th.

About Flaherty & Crumrine Total Return Fund

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.