Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 10,400 shares, a decline of 32.9% from the February 13th total of 15,500 shares. Based on an average daily volume of 28,500 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Flaherty & Crumrine Preferred Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in PFD. Noble Wealth Management PBC acquired a new position in Flaherty & Crumrine Preferred Income Fund in the 4th quarter valued at $31,000. McClarren Financial Advisors Inc. bought a new position in Flaherty & Crumrine Preferred Income Fund in the 4th quarter valued at approximately $39,000. Pathway Financial Advisers LLC boosted its position in Flaherty & Crumrine Preferred Income Fund by 88.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 6,332 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,974 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Flaherty & Crumrine Preferred Income Fund by 11.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,169 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 1,919 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the fourth quarter worth $228,000.
Flaherty & Crumrine Preferred Income Fund Stock Performance
PFD stock traded up $0.03 during trading hours on Friday, reaching $11.26. The stock had a trading volume of 6,903 shares, compared to its average volume of 32,687. The stock has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.47. Flaherty & Crumrine Preferred Income Fund has a fifty-two week low of $9.80 and a fifty-two week high of $12.08.
Flaherty & Crumrine Preferred Income Fund Announces Dividend
Flaherty & Crumrine Preferred Income Fund Company Profile
Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.
Featured Articles
- Five stocks we like better than Flaherty & Crumrine Preferred Income Fund
- Why Are Stock Sectors Important to Successful Investing?
- How to Build the Ultimate Everything ETF Portfolio
- What Are Dividends? Buy the Best Dividend Stocks
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Using the MarketBeat Stock Split Calculator
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Flaherty & Crumrine Preferred Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flaherty & Crumrine Preferred Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.