Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 183.7% in June

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 18,736 shares, an increase of 183.7% from the June 15th total of 6,605 shares. Based on an average trading volume of 48,303 shares, the short-interest ratio is currently 0.4 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.2%

NYSE:DFP traded up $0.04 during mid-day trading on Monday, hitting $20.81. 98,551 shares of the company’s stock were exchanged, compared to its average volume of 54,224. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $19.56 and a one year high of $22.11. The business has a fifty day moving average price of $20.55 and a 200 day moving average price of $20.89.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.1295 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the first quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock valued at $106,000 after buying an additional 1,022 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock worth $735,000 after acquiring an additional 1,048 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% in the first quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock worth $801,000 after acquiring an additional 1,069 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% in the first quarter. Cetera Investment Advisers now owns 22,871 shares of the company’s stock worth $459,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.9% during the fourth quarter. Principal Securities Inc. now owns 39,248 shares of the company’s stock valued at $816,000 after acquiring an additional 1,471 shares in the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.