Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 21,700 shares, a decrease of 53.1% from the February 13th total of 46,300 shares. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors have recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC grew its stake in shares of Flaherty & Crumrine Total Return Fund by 67.9% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $167,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $278,000. Raymond James Financial Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $333,000. Finally, HighTower Advisors LLC grew its stake in shares of Flaherty & Crumrine Total Return Fund by 36.0% in the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after acquiring an additional 5,574 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Trading Down 0.2 %

FLC opened at $16.76 on Friday. The stock has a fifty day simple moving average of $16.93 and a two-hundred day simple moving average of $16.93. Flaherty & Crumrine Total Return Fund has a 12-month low of $14.51 and a 12-month high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a $0.0937 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.71%.

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.