Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Short Interest Update

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 14,874 shares, a drop of 68.3% from the November 30th total of 46,849 shares. Based on an average daily trading volume, of 87,824 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 87,824 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the 2nd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock valued at $30,000 after buying an additional 700 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $87,000. Triumph Capital Management acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $92,000. Atlantic Union Bankshares Corp bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at approximately $97,000. Finally, Farther Finance Advisors LLC raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,573 shares of the company’s stock worth $142,000 after purchasing an additional 4,028 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

Shares of NYSE DFP opened at $20.85 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund has a twelve month low of $18.20 and a twelve month high of $22.11. The business has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $21.09.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.127 per share. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a yield of 7.3%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.