Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 27.3% in October

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 17,700 shares, a growth of 27.3% from the September 30th total of 13,900 shares. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is currently 0.6 days.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE FLC opened at $16.76 on Wednesday. Flaherty & Crumrine Total Return Fund has a 52-week low of $12.82 and a 52-week high of $17.48. The firm has a 50-day moving average of $17.05 and a 200-day moving average of $16.00.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.0937 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Flaherty & Crumrine Total Return Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after buying an additional 1,100 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the first quarter valued at about $37,000. MRA Advisory Group bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter valued at about $177,000. Matisse Capital grew its stake in shares of Flaherty & Crumrine Total Return Fund by 23.0% in the second quarter. Matisse Capital now owns 95,300 shares of the company’s stock valued at $1,481,000 after acquiring an additional 17,795 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in Flaherty & Crumrine Total Return Fund during the first quarter worth about $415,000.

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.