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

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 20,000 shares, a drop of 34.2% from the May 31st total of 30,400 shares. Based on an average daily volume of 101,600 shares, the short-interest ratio is presently 0.2 days.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE FFC traded down $0.11 during midday trading on Monday, hitting $14.68. 69,254 shares of the company’s stock were exchanged, compared to its average volume of 129,360. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $11.90 and a twelve month high of $14.96. The firm’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.37.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were given a dividend of $0.088 per share. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.08. The ex-dividend date was Wednesday, May 22nd. This represents a yield of 7.19%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FFC. Invesco Ltd. grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 29.7% in the 3rd quarter. Invesco Ltd. now owns 621,450 shares of the financial services provider’s stock valued at $8,060,000 after purchasing an additional 142,244 shares during the last quarter. RPO LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.1% in the fourth quarter. RPO LLC now owns 325,548 shares of the financial services provider’s stock valued at $4,525,000 after buying an additional 3,500 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 132.7% in the third quarter. Penserra Capital Management LLC now owns 258,356 shares of the financial services provider’s stock valued at $3,350,000 after buying an additional 147,316 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 843.3% in the fourth quarter. MGO One Seven LLC now owns 206,261 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 184,394 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 869.6% in the fourth quarter. International Assets Investment Management LLC now owns 198,265 shares of the financial services provider’s stock valued at $2,756,000 after buying an additional 177,817 shares in the last quarter.

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.