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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 65,400 shares, a decrease of 9.2% from the August 15th total of 72,000 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 2.4 days.

Flaherty & Crumrine Total Return Fund Stock Up 0.2 %

FLC stock traded up $0.04 during midday trading on Tuesday, reaching $17.15. The company had a trading volume of 27,660 shares, compared to its average volume of 31,941. The company has a 50 day moving average of $16.23 and a two-hundred day moving average of $15.57. Flaherty & Crumrine Total Return Fund has a 1 year low of $12.62 and a 1 year high of $17.29.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be paid a $0.0913 dividend. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.10 annualized dividend and a dividend yield of 6.39%.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Institutional investors have recently added to or reduced their stakes in the business. Relative Value Partners Group LLC bought a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter valued at about $885,000. Matisse Capital raised its stake in shares of Flaherty & Crumrine Total Return Fund by 87.7% in the 1st quarter. Matisse Capital now owns 77,505 shares of the company’s stock valued at $1,198,000 after acquiring an additional 36,219 shares in the last quarter. ORG Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the 1st quarter worth approximately $37,000. Pathway Financial Advisers LLC bought a new stake in Flaherty & Crumrine Total Return Fund during the first quarter worth approximately $415,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Flaherty & Crumrine Total Return Fund by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after purchasing an additional 1,100 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund

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.