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

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

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased its position in Flaherty & Crumrine Total Return Fund by 36.0% during the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after purchasing an additional 5,574 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $278,000. MRA Advisory Group purchased a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter worth $177,000. Catalina Capital Group LLC purchased a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter worth $178,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 1,100 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Stock Down 0.0 %

FLC stock opened at $17.02 on Wednesday. Flaherty & Crumrine Total Return Fund has a 12 month low of $14.51 and a 12 month high of $17.48. The company has a 50-day moving average price of $16.76 and a 200 day moving average price of $16.70.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.0937 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a dividend yield of 6.61%.

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.