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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 82,600 shares, an increase of 377.5% from the December 15th total of 17,300 shares. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $980,000. Pathstone Holdings LLC raised its position in shares of Flaherty & Crumrine Total Return Fund by 153.9% in the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after purchasing an additional 53,648 shares during the period. Catalina Capital Group LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter valued at about $178,000. MRA Advisory Group acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter worth about $177,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 36.0% during the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after buying an additional 5,574 shares during the period.

Flaherty & Crumrine Total Return Fund Trading Down 0.2 %

Shares of NYSE FLC traded down $0.04 during trading hours on Monday, hitting $16.67. The company had a trading volume of 44,535 shares, compared to its average volume of 23,162. Flaherty & Crumrine Total Return Fund has a 1-year low of $14.51 and a 1-year high of $17.48. The firm’s 50 day moving average is $16.75 and its 200-day moving average is $16.59.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a dividend of $0.0343 per share. This represents a $0.41 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, January 24th.

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.