Short Interest in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Decreases By 20.0%

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 16,400 shares, a decline of 20.0% from the November 30th total of 20,500 shares. Based on an average daily trading volume, of 61,100 shares, the short-interest ratio is currently 0.3 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $19.87 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $17.75 and a twelve month high of $21.73. The business has a 50-day moving average price of $20.40 and a 200 day moving average price of $20.20.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a $0.032 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DFP. Raymond James & Associates raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% during the 3rd quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock worth $16,033,000 after purchasing an additional 13,668 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at approximately $4,911,000. International Assets Investment Management LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% during the third quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock valued at $3,850,000 after acquiring an additional 170,724 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% in the second quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock valued at $1,517,000 after acquiring an additional 629 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.0% in the second quarter. Private Advisor Group LLC now owns 45,937 shares of the company’s stock worth $882,000 after acquiring an additional 2,191 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.