Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Update

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 20,100 shares, an increase of 8.1% from the October 31st total of 18,600 shares. Based on an average daily trading volume, of 133,900 shares, the short-interest ratio is currently 0.2 days.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.1 %

Flaherty & Crumrine Preferred Securities Income Fund stock traded down $0.01 during midday trading on Wednesday, reaching $15.94. The company’s stock had a trading volume of 46,839 shares, compared to its average volume of 137,014. The business has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $15.44. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $13.51 and a fifty-two week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a dividend of $0.092 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.93%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $65,000. Mather Group LLC. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 24.0% during the second quarter. Mather Group LLC. now owns 4,575 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 886 shares during the period. Comerica Bank raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 42.8% during the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,585 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $112,000. Finally, Arkadios Wealth Advisors bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth about $168,000.

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.