Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Up 15.1% in March

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 12,200 shares, a growth of 15.1% from the March 15th total of 10,600 shares. Based on an average daily volume of 53,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. All Season Financial Advisors Inc. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 71.4% during the 4th quarter. All Season Financial Advisors Inc. now owns 31,303 shares of the company’s stock valued at $556,000 after buying an additional 13,045 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $63,000. PNC Financial Services Group Inc. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 179.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 27,945 shares of the company’s stock valued at $469,000 after buying an additional 17,945 shares during the period. Shaker Financial Services LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $308,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 415.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 53,680 shares of the company’s stock valued at $900,000 after buying an additional 43,274 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.7 %

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock traded up $0.12 during trading on Tuesday, hitting $17.98. 57,465 shares of the company were exchanged, compared to its average volume of 52,760. Flaherty & Crumrine Dynamic Preferred and Income Fund has a fifty-two week low of $15.45 and a fifty-two week high of $19.31. The firm has a 50 day moving average price of $18.70 and a 200 day moving average price of $17.80.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.1075 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.29 annualized dividend and a yield of 7.17%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and 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 across the globe. It seeks to invest in stocks of companies operating across diversified sectors.