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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 7,500 shares, a decrease of 67.4% from the October 31st total of 23,000 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is currently 0.3 days.

Flaherty & Crumrine Total Return Fund Stock Up 0.5 %

NYSE FLC traded up $0.08 during trading on Wednesday, hitting $16.68. The company had a trading volume of 32,607 shares, compared to its average volume of 31,390. The company’s fifty day moving average is $17.04 and its 200-day moving average is $16.26. Flaherty & Crumrine Total Return Fund has a one year low of $14.05 and a one year high of $17.48.

Flaherty & Crumrine Total Return Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.0937 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. This represents a $1.12 annualized dividend and a yield of 6.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLC. Kovitz Investment Group Partners LLC purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth about $980,000. Pathstone Holdings LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 153.9% in the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock worth $1,531,000 after purchasing an additional 53,648 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the first quarter valued at approximately $415,000. Matisse Capital lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 23.0% during the second quarter. Matisse Capital now owns 95,300 shares of the company’s stock valued at $1,481,000 after purchasing an additional 17,795 shares during the last quarter. Finally, Catalina Capital Group LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth approximately $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.