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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 46,300 shares, a decline of 28.1% from the January 31st total of 64,400 shares. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Several hedge funds have recently modified their holdings of the company. MeadowBrook Investment Advisors LLC increased its holdings in Flaherty & Crumrine Total Return Fund by 67.9% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after purchasing an additional 1,100 shares in the last quarter. Wedbush Securities Inc. bought a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter valued at approximately $167,000. Catalina Capital Group LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth approximately $178,000. Hennion & Walsh Asset Management Inc. bought a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter worth approximately $278,000. Finally, Raymond James Financial Inc. acquired a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter valued at approximately $333,000.

Flaherty & Crumrine Total Return Fund Price Performance

FLC stock traded down $0.03 during trading on Wednesday, reaching $16.92. 27,639 shares of the company were exchanged, compared to its average volume of 22,922. The company has a 50-day moving average of $16.91 and a two-hundred day moving average of $16.91. Flaherty & Crumrine Total Return Fund has a twelve month low of $14.51 and a twelve month high of $17.48.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 6.65%. The ex-dividend date is Wednesday, April 23rd.

About Flaherty & Crumrine Total Return Fund

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.