Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 46,300 shares, a decrease of 28.1% from the January 31st total of 64,400 shares. Based on an average daily trading volume, of 29,000 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several institutional investors have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC grew its stake in shares of Flaherty & Crumrine Total Return Fund by 67.9% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares during the period. Wedbush Securities Inc. acquired a new position in Flaherty & Crumrine Total Return Fund during the 4th quarter worth approximately $167,000. Catalina Capital Group LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $178,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at approximately $278,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at approximately $333,000.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC stock traded down $0.03 during trading hours on Wednesday, hitting $16.92. 27,639 shares of the company were exchanged, compared to its average volume of 22,922. The company has a 50 day simple moving average of $16.91 and a two-hundred day simple moving average of $16.91. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $14.51 and a fifty-two week high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.0937 dividend. This represents a $1.12 annualized dividend and a yield of 6.65%. The ex-dividend date is Wednesday, April 23rd.

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.