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

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

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC stock traded up $0.05 during trading hours on Thursday, hitting $16.96. 3,807 shares of the company’s stock traded hands, compared to its average volume of 23,279. Flaherty & Crumrine Total Return Fund has a 12-month low of $14.51 and a 12-month high of $17.48. The stock’s fifty day simple moving average is $16.76 and its two-hundred day simple moving average is $16.70.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.0937 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 6.63%.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 worth $165,000 after buying an additional 1,100 shares during the period. MeadowBrook Investment Advisors LLC lifted its holdings in Flaherty & Crumrine Total Return Fund by 67.9% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after purchasing an additional 1,100 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 36.0% during the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after acquiring an additional 5,574 shares during the last quarter. MRA Advisory Group purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth about $177,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at about $178,000.

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.