Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report) saw a significant growth in short interest in 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 presently 0.3 days.
Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Relative Value Partners Group LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $4,855,000. International Assets Investment Management LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at $2,624,000. RPO LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 157.4% in the 4th quarter. RPO LLC now owns 223,283 shares of the company’s stock valued at $3,963,000 after purchasing an additional 136,538 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.1% in the 1st quarter. Raymond James & Associates now owns 682,443 shares of the company’s stock worth $13,082,000 after purchasing an additional 78,852 shares during the last quarter. Finally, Revisor Wealth Management LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 81.1% during the 1st quarter. Revisor Wealth Management LLC now owns 83,515 shares of the company’s stock worth $1,544,000 after purchasing an additional 37,390 shares in the last quarter.
Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance
DFP remained flat at $19.56 during midday trading on Monday. The company’s stock had a trading volume of 45,164 shares, compared to its average volume of 51,285. The firm has a fifty day simple moving average of $19.05 and a two-hundred day simple moving average of $18.75. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12-month low of $15.45 and a 12-month high of $19.79.
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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