Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 377.5% in January

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

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Flaherty & Crumrine Total Return Fund by 11.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after buying an additional 1,100 shares during the period. MRA Advisory Group acquired a new position in Flaherty & Crumrine Total Return Fund in the third quarter valued at about $177,000. Catalina Capital Group LLC purchased a new position in Flaherty & Crumrine Total Return Fund during the third quarter worth about $178,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter worth approximately $278,000. Finally, HighTower Advisors LLC increased its holdings in Flaherty & Crumrine Total Return Fund by 36.0% in the 3rd 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 last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of Flaherty & Crumrine Total Return Fund stock traded down $0.07 during trading hours on Tuesday, reaching $16.96. 22,952 shares of the company’s stock were exchanged, compared to its average volume of 23,380. The business has a fifty day moving average of $16.76 and a two-hundred day moving average of $16.70. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.0937 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Wednesday, April 23rd.

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.