Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Expands By 180.9%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 52,631 shares, an increase of 180.9% from the June 30th total of 18,736 shares. Based on an average trading volume of 44,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth about $36,000. Triumph Capital Management purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $92,000. AdvisorNet Financial Inc increased its position 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 worth $106,000 after purchasing an additional 1,022 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $141,000. Finally, Kestra Advisory Services LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $158,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP traded down $0.06 during midday trading on Tuesday, reaching $20.72. 31,023 shares of the company’s stock were exchanged, compared to its average volume of 54,022. The business’s 50-day moving average price is $20.56 and its 200 day moving average price is $20.89. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 1-year low of $19.56 and a 1-year high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a $0.1314 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.