Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Sees Large Decline in Short Interest

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 20,600 shares, a decline of 33.3% from the December 31st total of 30,900 shares. Based on an average trading volume of 28,100 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Flaherty & Crumrine Preferred Income Fund

An institutional investor recently bought a new position in Flaherty & Crumrine Preferred Income Fund stock. Ellis Investment Partners LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,442 shares of the real estate investment trust’s stock, valued at approximately $125,000.

Flaherty & Crumrine Preferred Income Fund Stock Up 0.7 %

Flaherty & Crumrine Preferred Income Fund stock opened at $11.26 on Wednesday. The company has a 50 day moving average price of $11.31 and a 200-day moving average price of $11.38. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $9.80 and a fifty-two week high of $12.08.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.