Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Down 20.0% in December

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 16,400 shares, a drop of 20.0% from the November 30th total of 20,500 shares. Based on an average daily volume of 61,100 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth about $4,911,000. HighTower Advisors LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% during the third quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after purchasing an additional 3,999 shares in the last quarter. Aviance Capital Partners LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $203,000. Concurrent Investment Advisors LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% in the third quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock valued at $351,000 after purchasing an additional 921 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $413,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.9 %

Shares of DFP stock opened at $19.87 on Friday. The firm’s 50-day moving average is $20.40 and its two-hundred day moving average is $20.20. Flaherty & Crumrine Dynamic Preferred and Income Fund has a 12 month low of $17.75 and a 12 month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.032 per share. This represents a $0.38 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, January 24th.

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.