Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Shares Shorted: Short Interest Up 125.6% in October

by · The Cerbat Gem

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 53,950 shares, a growth of 125.6% from the September 30th total of 23,909 shares. Based on an average daily volume of 41,709 shares, the days-to-cover ratio is currently 1.3 days.

Flaherty & Crumrine Total Return Fund Trading Down 1.0%

NYSE:FLC opened at $15.64 on Friday. The business’s 50-day moving average is $15.94 and its 200 day moving average is $16.80. Flaherty & Crumrine Total Return Fund has a 12 month low of $15.33 and a 12 month high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.1067 per share. The ex-dividend date is Friday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently modified their holdings of FLC. Global Retirement Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at about $57,000. Noble Wealth Management PBC increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after acquiring an additional 8,257 shares during the last quarter. Cetera Investment Advisers increased its holdings in Flaherty & Crumrine Total Return Fund by 45.5% in the first quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock valued at $479,000 after purchasing an additional 9,014 shares during the period. Wedbush Securities Inc. bought a new stake in Flaherty & Crumrine Total Return Fund during the third quarter worth $197,000. Finally, Readystate Asset Management LP bought a new stake in Flaherty & Crumrine Total Return Fund in the second quarter valued at approximately $261,000.

About Flaherty & Crumrine Total Return Fund

(Get Free Report)

Flaherty & Crumrine Total Return Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol FLC. The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-producing investments.

FLC seeks to provide investors with current income and long-term total return. Its portfolio primarily consists of preferred securities and debt securities issued by companies in sectors such as financial services, utilities, telecommunications and other corporate industries.

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