Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,083 shares, a drop of 57.1% from the June 15th total of 18,848 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 16,320 shares, the short-interest ratio is currently 0.5 days.
Flaherty & Crumrine Preferred and Income Fund Trading Down 0.1%
Shares of NYSE:PFO traded down $0.01 during trading hours on Thursday, hitting $9.21. The company’s stock had a trading volume of 5,653 shares, compared to its average volume of 29,247. The firm’s fifty day moving average price is $9.16 and its 200 day moving average price is $9.31. Flaherty & Crumrine Preferred and Income Fund has a 52 week low of $8.85 and a 52 week high of $9.90.
Hedge Funds Weigh In On Flaherty & Crumrine Preferred and Income Fund
Large investors have recently bought and sold shares of the business. Webster Bank N. A. bought a new stake in Flaherty & Crumrine Preferred and Income Fund during the 4th quarter valued at $28,000. Raymond James Financial Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred and Income Fund during the 2nd quarter worth $49,000. AlphaCore Capital LLC purchased a new stake in shares of Flaherty & Crumrine Preferred and Income Fund during the 4th quarter worth $127,000. Guggenheim Capital LLC bought a new stake in Flaherty & Crumrine Preferred and Income Fund during the fourth quarter valued at about $232,000. Finally, NewEdge Advisors LLC boosted its position in Flaherty & Crumrine Preferred and Income Fund by 9.5% during the second quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock valued at $287,000 after purchasing an additional 2,709 shares in the last quarter. Institutional investors own 12.90% of the company’s stock.
About Flaherty & Crumrine Preferred and Income Fund
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.
See Also
- Five stocks we like better than Flaherty & Crumrine Preferred and Income Fund
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Flaherty & Crumrine Preferred and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flaherty & Crumrine Preferred and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
