Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 377.5% in December

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 82,600 shares, an increase of 377.5% from the December 15th total of 17,300 shares. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of large investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in Flaherty & Crumrine Total Return Fund by 36.0% in the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after acquiring an additional 5,574 shares during the period. MRA Advisory Group purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth about $177,000. Catalina Capital Group LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth about $178,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Flaherty & Crumrine Total Return Fund by 11.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after purchasing an additional 1,100 shares during the period. Finally, Pathstone Holdings LLC lifted its stake in shares of Flaherty & Crumrine Total Return Fund by 153.9% during the 3rd quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after buying an additional 53,648 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE:FLC traded up $0.18 during midday trading on Wednesday, reaching $16.77. The company had a trading volume of 20,455 shares, compared to its average volume of 23,595. Flaherty & Crumrine Total Return Fund has a 52-week low of $14.51 and a 52-week high of $17.48. The company’s 50 day moving average price is $16.73 and its 200 day moving average price is $16.61.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.0343 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, January 24th.

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.