Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 377.5% in January

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a large growth in short interest in 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 trading volume of 30,400 shares, the short-interest ratio is presently 2.7 days.

Flaherty & Crumrine Total Return Fund Trading Down 0.0 %

NYSE FLC opened at $17.02 on Wednesday. Flaherty & Crumrine Total Return Fund has a 1-year low of $14.51 and a 1-year high of $17.48. The company has a 50 day moving average of $16.76 and a 200-day moving average of $16.70.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a $0.0937 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a yield of 6.61%.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Flaherty & Crumrine Total Return Fund by 11.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after acquiring an additional 1,100 shares during the period. MRA Advisory Group purchased a new position in Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at about $177,000. Catalina Capital Group LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $178,000. Pathstone Holdings LLC grew its position in Flaherty & Crumrine Total Return Fund by 153.9% during the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after buying an additional 53,648 shares during the period. Finally, HighTower Advisors LLC grew its position in Flaherty & Crumrine Total Return Fund by 36.0% during the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after buying an additional 5,574 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile

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.