Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Rises By 49.2%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 67,000 shares, a growth of 49.2% from the January 31st total of 44,900 shares. Based on an average trading volume of 130,800 shares, the days-to-cover ratio is currently 0.5 days.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC traded down $0.12 during trading hours on Tuesday, hitting $16.00. The company had a trading volume of 90,559 shares, compared to its average volume of 121,365. The stock has a 50-day moving average price of $15.89 and a 200 day moving average price of $15.97. Flaherty & Crumrine Preferred Securities Income Fund has a 52 week low of $13.72 and a 52 week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.092 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Wednesday, April 23rd.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at approximately $246,000. US Bancorp DE lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the 3rd quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,500 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at approximately $449,000. Jane Street Group LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth $173,000. Finally, Atria Wealth Solutions Inc. raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 662 shares in the last quarter.

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.