Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Rises By 49.2%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 67,000 shares, a growth of 49.2% from the January 31st total of 44,900 shares. Based on an average daily trading volume, of 130,800 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of hedge funds have recently bought and sold shares of FFC. Cary Street Partners Financial LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth $183,000. Baird Financial Group Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 23.2% during the fourth quarter. Baird Financial Group Inc. now owns 140,179 shares of the financial services provider’s stock valued at $2,177,000 after acquiring an additional 26,417 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 467.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 68,715 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 56,600 shares during the period. Stifel Financial Corp increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 18.7% during the fourth quarter. Stifel Financial Corp now owns 162,353 shares of the financial services provider’s stock worth $2,521,000 after purchasing an additional 25,599 shares during the period. Finally, 1607 Capital Partners LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 283.2% in the fourth quarter. 1607 Capital Partners LLC now owns 310,250 shares of the financial services provider’s stock valued at $4,818,000 after purchasing an additional 229,284 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.7 %

NYSE:FFC opened at $16.00 on Wednesday. The firm has a fifty day simple moving average of $15.89 and a 200-day simple moving average of $15.97. Flaherty & Crumrine Preferred Securities Income Fund has a 12 month low of $13.72 and a 12 month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.092 per share. This represents a $1.10 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.