Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Increases By 49.2%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 67,000 shares, a growth of 49.2% from the January 31st total of 44,900 shares. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is currently 0.5 days.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

FFC traded up $0.03 on Monday, hitting $16.11. The company had a trading volume of 202,077 shares, compared to its average volume of 122,137. The stock has a fifty day moving average price of $15.88 and a 200-day moving average price of $15.96. Flaherty & Crumrine Preferred Securities Income Fund has a 12-month low of $13.72 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.092 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a dividend yield of 6.85%.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 662 shares during the last quarter. US Bancorp DE raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 6.8% in the fourth quarter. US Bancorp DE now owns 16,456 shares of the financial services provider’s stock valued at $256,000 after buying an additional 1,050 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 4.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 54,644 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 2,270 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 16.0% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 18,150 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 14.0% during the fourth quarter. Jacobi Capital Management LLC now owns 23,260 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 2,850 shares during the last quarter.

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.