Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Sees Significant Decline in Short Interest

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 13,800 shares, a decrease of 74.0% from the September 30th total of 53,100 shares. Based on an average daily volume of 144,200 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $65,000. Mather Group LLC. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 24.0% in the second quarter. Mather Group LLC. now owns 4,575 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 886 shares during the period. Comerica Bank boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 1,585 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $112,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $168,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Flaherty & Crumrine Preferred Securities Income Fund stock traded up $0.03 during mid-day trading on Friday, hitting $16.14. The company had a trading volume of 88,913 shares, compared to its average volume of 137,430. Flaherty & Crumrine Preferred Securities Income Fund has a 1 year low of $12.09 and a 1 year high of $16.74. The business has a fifty day moving average of $16.17 and a 200 day moving average of $15.13.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.092 dividend. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.10 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Thursday, November 21st.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.