Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 17,700 shares, a growth of 27.3% from the September 30th total of 13,900 shares. Based on an average trading volume of 31,500 shares, the short-interest ratio is presently 0.6 days.

Flaherty & Crumrine Total Return Fund Stock Up 0.8 %

Flaherty & Crumrine Total Return Fund stock traded up $0.13 during midday trading on Wednesday, reaching $16.89. 2,037 shares of the company traded hands, compared to its average volume of 31,548. Flaherty & Crumrine Total Return Fund has a 12 month low of $12.89 and a 12 month high of $17.48. The business has a 50 day moving average of $17.05 and a two-hundred day moving average of $16.00.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.0937 dividend. This is an increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Thursday, November 21st.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of hedge funds have recently bought and sold shares of FLC. ORG Partners LLC bought a new stake in Flaherty & Crumrine Total Return Fund during the first quarter valued at approximately $37,000. MRA Advisory Group bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at $177,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Flaherty & Crumrine Total Return Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock worth $165,000 after purchasing an additional 1,100 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Flaherty & Crumrine Total Return Fund in the 1st quarter worth $415,000. Finally, Matisse Capital grew its holdings in Flaherty & Crumrine Total Return Fund by 87.7% during the first quarter. Matisse Capital now owns 77,505 shares of the company’s stock valued at $1,198,000 after purchasing an additional 36,219 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile

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.