Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 20,000 shares, a drop of 34.2% from the May 31st total of 30,400 shares. Based on an average daily volume of 101,600 shares, the short-interest ratio is presently 0.2 days.
Flaherty & Crumrine Preferred Securities Income Fund Price Performance
Shares of NYSE FFC traded down $0.11 during midday trading on Monday, hitting $14.68. 69,254 shares of the company’s stock were exchanged, compared to its average volume of 129,360. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $11.90 and a twelve month high of $14.96. The firm’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.37.
Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend
The company also recently declared a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were given a dividend of $0.088 per share. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.08. The ex-dividend date was Wednesday, May 22nd. This represents a yield of 7.19%.
Institutional Inflows and Outflows
About Flaherty & Crumrine Preferred Securities Income Fund
Flaherty & Crumrine Preferred Securities 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 of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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