Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Shorted: Short Interest Down 93.6% in September

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,842 shares, a decrease of 93.6% from the August 31st total of 44,134 shares. Based on an average trading volume of 96,721 shares, the short-interest ratio is presently 0.0 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.3%

NYSE:DFP traded down $0.05 during trading hours on Thursday, reaching $18.96. 85,941 shares of the stock were exchanged, compared to its average volume of 56,185. The business has a 50-day moving average of $20.41 and a two-hundred day moving average of $20.54. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.95 and a twelve month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.1314 per share. This represents a $1.58 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Capital Analysts LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% during the 2nd quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock worth $751,000 after purchasing an additional 2,149 shares during the period. Triumph Capital Management increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock valued at $132,000 after purchasing an additional 1,100 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% during the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock worth $1,013,000 after buying an additional 50,420 shares during the last quarter. Shaker Financial Services LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter worth about $427,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock worth $4,520,000 after purchasing an additional 43,356 shares during the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in preferred securities and other income-producing investments.

The fund uses a dynamically managed strategy that may adjust its portfolio allocation in response to market conditions, interest-rate trends and changes in credit quality.