Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Down 59.7% in August

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 11,900 shares, a drop of 59.7% from the August 15th total of 29,500 shares. Based on an average trading volume of 58,500 shares, the days-to-cover ratio is presently 0.2 days.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.6 %

Shares of NYSE:DFP opened at $20.98 on Friday. The firm’s 50 day simple moving average is $19.85 and its 200-day simple moving average is $19.11. Flaherty & Crumrine Dynamic Preferred and Income Fund has a one year low of $15.45 and a one year high of $20.99.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.1122 per share. The ex-dividend date is Monday, September 23rd. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11. This represents a $1.35 dividend on an annualized basis and a dividend yield of 6.42%.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of institutional investors have recently modified their holdings of DFP. Raymond James & Associates boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 7.3% during the second quarter. Raymond James & Associates now owns 732,041 shares of the company’s stock valued at $14,055,000 after purchasing an additional 49,598 shares in the last quarter. Relative Value Partners Group LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $4,855,000. RPO LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 157.4% during the fourth quarter. RPO LLC now owns 223,283 shares of the company’s stock valued at $3,963,000 after purchasing an additional 136,538 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,851 shares of the company’s stock valued at $1,665,000 after purchasing an additional 4,686 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% during the second quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock valued at $1,517,000 after purchasing an additional 629 shares in 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.