Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Update

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 20,000 shares, a drop of 34.2% from the May 31st total of 30,400 shares. Based on an average trading volume of 101,600 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter valued at about $246,000. Cetera Investment Advisers bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter valued at about $2,046,000. Comerica Bank grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the 1st quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 1,585 shares during the period. Alpine Global Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 8.7% in the 1st quarter. Alpine Global Management LLC now owns 25,000 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 2,000 shares during the period. Finally, Jacobi Capital Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.1% in the 1st quarter. Jacobi Capital Management LLC now owns 13,195 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 1,100 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.7 %

Shares of NYSE:FFC traded down $0.11 during midday trading on Monday, reaching $14.68. 69,254 shares of the company were exchanged, compared to its average volume of 129,360. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $11.90 and a fifty-two week high of $14.96. The stock has a fifty day simple moving average of $14.46 and a two-hundred day simple moving average of $14.37.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were paid a $0.088 dividend. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.08. This represents a yield of 7.19%. The ex-dividend date was Wednesday, May 22nd.

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.