Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 12,100 shares, a growth of 17.5% from the May 31st total of 10,300 shares. Based on an average daily trading volume, of 48,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Several hedge funds have recently added to or reduced their stakes in DFP. Relative Value Partners Group LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $4,855,000. International Assets Investment Management LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $2,624,000. RPO LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 157.4% in the fourth quarter. RPO LLC now owns 223,283 shares of the company’s stock worth $3,963,000 after acquiring an additional 136,538 shares during the period. Raymond James & Associates raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.1% in the first quarter. Raymond James & Associates now owns 682,443 shares of the company’s stock worth $13,082,000 after acquiring an additional 78,852 shares during the period. Finally, Revisor Wealth Management LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth about $936,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP opened at $19.20 on Friday. The company’s 50-day moving average is $18.66 and its 200 day moving average is $18.54. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $15.45 and a fifty-two week high of $19.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were given a $0.1107 dividend. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous dividend of $0.10. The ex-dividend date was Wednesday, May 22nd. This represents a yield of 7.03%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.