Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Update

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 77,700 shares, a growth of 16.0% from the February 13th total of 67,000 shares. Based on an average daily volume of 121,600 shares, the days-to-cover ratio is currently 0.6 days.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.5 %

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock traded up $0.08 during mid-day trading on Thursday, reaching $16.22. 70,261 shares of the stock were exchanged, compared to its average volume of 126,188. The firm has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $16.00. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $13.72 and a fifty-two week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.092 per share. This represents a $1.10 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Wednesday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of hedge funds have recently added to or reduced their stakes in FFC. Jane Street Group LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth approximately $173,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $173,000. Cary Street Partners Financial LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $183,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $190,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $210,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income 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 securities of companies operating across diversified sectors.