Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Large Increase in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Free Report) was the recipient of a large growth in short interest during the month of 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 days-to-cover ratio is presently 2.7 days.

Flaherty & Crumrine Total Return Fund Trading Down 0.4 %

FLC traded down $0.07 during trading on Tuesday, hitting $16.96. 22,952 shares of the stock were exchanged, compared to its average volume of 23,380. The stock has a fifty day moving average price of $16.76 and a two-hundred day moving average price of $16.70. Flaherty & Crumrine Total Return Fund has a 1-year low of $14.51 and a 1-year high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.0937 per share. This represents a $1.12 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in Flaherty & Crumrine Total Return Fund by 36.0% in the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after acquiring an additional 5,574 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $278,000. MRA Advisory Group purchased a new position in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $177,000. Catalina Capital Group LLC acquired a new position in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $178,000. Finally, Northwestern Mutual Wealth Management Co. lifted 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 acquiring an additional 1,100 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile

(Get Free Report)

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.

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