Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

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

Flaherty & Crumrine Total Return Fund Stock Up 0.1 %

Shares of NYSE:FLC traded up $0.01 during trading on Tuesday, hitting $16.55. 29,843 shares of the company’s stock were exchanged, compared to its average volume of 23,993. The firm has a 50-day moving average price of $16.74 and a two-hundred day moving average price of $16.60. 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 Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a dividend of $0.0343 per share. This represents a $0.41 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, January 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Flaherty & Crumrine Total Return Fund by 11.5% during the second 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 last quarter. MRA Advisory Group acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at approximately $177,000. Catalina Capital Group LLC bought a new position in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth approximately $178,000. HighTower Advisors LLC grew its holdings in 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 purchasing an additional 5,574 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $980,000.

About Flaherty & Crumrine Total Return Fund

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.