Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Down 28.1% in February

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 46,300 shares, a decrease of 28.1% from the January 31st total of 64,400 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is currently 1.6 days.

Flaherty & Crumrine Total Return Fund Price Performance

NYSE:FLC traded up $0.13 during trading hours on Monday, reaching $17.10. The company’s stock had a trading volume of 18,187 shares, compared to its average volume of 21,924. The firm has a 50-day simple moving average of $16.90 and a 200-day simple moving average of $16.90. Flaherty & Crumrine Total Return Fund has a 1 year low of $14.51 and a 1 year high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.0937 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a yield of 6.58%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. boosted its holdings in Flaherty & Crumrine Total Return Fund by 123.8% in the fourth quarter. Sit Investment Associates Inc. now owns 559,576 shares of the company’s stock valued at $9,345,000 after acquiring an additional 309,585 shares in the last quarter. Sowell Financial Services LLC raised its holdings in Flaherty & Crumrine Total Return Fund by 5.9% in the fourth quarter. Sowell Financial Services LLC now owns 208,369 shares of the company’s stock worth $3,480,000 after buying an additional 11,651 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter worth approximately $2,468,000. Invesco Ltd. lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 4.0% during the fourth quarter. Invesco Ltd. now owns 143,839 shares of the company’s stock valued at $2,402,000 after purchasing an additional 5,473 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 153.9% during the 3rd quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after acquiring an additional 53,648 shares during the last quarter.

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.