Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 14,100 shares, an increase of 64.0% from the February 13th total of 8,600 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is presently 0.5 days.
Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance
PFO traded up $0.01 during trading on Friday, reaching $9.16. The stock had a trading volume of 10,933 shares, compared to its average volume of 34,543. The stock’s 50 day moving average is $9.15 and its two-hundred day moving average is $9.20. Flaherty & Crumrine Preferred Income Opportunity Fund has a one year low of $7.89 and a one year high of $9.54.
Flaherty & Crumrine Preferred Income Opportunity Fund Announces Dividend
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 $0.0505 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.62%.
Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Opportunity Fund
Flaherty & Crumrine Preferred Income Opportunity Fund Company Profile
Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.
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