Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Declines By 9.2%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 65,400 shares, a decrease of 9.2% from the August 15th total of 72,000 shares. Based on an average trading volume of 27,400 shares, the short-interest ratio is currently 2.4 days.

Flaherty & Crumrine Total Return Fund Trading Up 0.5 %

Flaherty & Crumrine Total Return Fund stock traded up $0.09 during trading hours on Wednesday, hitting $17.24. The stock had a trading volume of 22,726 shares, compared to its average volume of 31,890. The company has a 50-day moving average of $16.26 and a two-hundred day moving average of $15.58. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $12.62 and a fifty-two week high of $17.29.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a $0.0913 dividend. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.10 annualized dividend and a yield of 6.35%.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several large investors have recently added to or reduced their stakes in the company. Relative Value Partners Group LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter worth approximately $885,000. ORG Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 1st quarter worth approximately $37,000. Matisse Capital raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 23.0% in the 2nd quarter. Matisse Capital now owns 95,300 shares of the company’s stock worth $1,481,000 after buying an additional 17,795 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 1st quarter worth approximately $415,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock worth $165,000 after buying an additional 1,100 shares in the last quarter.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return 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 of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.