Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 16,300 shares, a growth of 49.5% from the June 30th total of 10,900 shares. Based on an average trading volume of 50,800 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund
A number of institutional investors have recently added to or reduced their stakes in DFP. Relative Value Partners Group LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $4,855,000. International Assets Investment Management LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $2,624,000. RPO LLC lifted its position in 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 worth $3,963,000 after buying an additional 136,538 shares in the last quarter. Raymond James & Associates lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.1% during the first quarter. Raymond James & Associates now owns 682,443 shares of the company’s stock worth $13,082,000 after buying an additional 78,852 shares in the last quarter. Finally, Revisor Wealth Management LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 81.1% during the first quarter. Revisor Wealth Management LLC now owns 83,515 shares of the company’s stock worth $1,544,000 after buying an additional 37,390 shares in the last quarter.
Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance
Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.02 during trading on Monday, reaching $19.58. 19,501 shares of the company were exchanged, compared to its average volume of 51,103. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 52-week low of $15.45 and a 52-week high of $19.79. The stock’s 50 day simple moving average is $19.05 and its two-hundred day simple moving average is $18.75.
Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend
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.
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