Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Rises By 158.4%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 63,300 shares, an increase of 158.4% from the November 30th total of 24,500 shares. Based on an average daily volume of 132,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% in the third quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after buying an additional 274,935 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 461.2% during the third quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock valued at $2,244,000 after acquiring an additional 112,386 shares during the period. Strategies Wealth Advisors LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth about $973,000. HighTower Advisors LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 238.3% during the 3rd quarter. HighTower Advisors LLC now owns 78,343 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 55,185 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 151.7% during the third quarter. PNC Financial Services Group Inc. now owns 55,882 shares of the financial services provider’s stock valued at $917,000 after purchasing an additional 33,682 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of FFC stock opened at $15.46 on Friday. The firm has a 50-day moving average price of $15.85 and a 200 day moving average price of $15.58. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $13.72 and a twelve month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a yield of 6.9%.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.