Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 13.6% in July

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 36,800 shares, a growth of 13.6% from the June 30th total of 32,400 shares. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FLC. Relative Value Partners Group LLC acquired a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter worth approximately $885,000. Matisse Capital acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $601,000. Pathway Financial Advisers LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the first quarter valued at $415,000. Koshinski Asset Management Inc. raised its position in Flaherty & Crumrine Total Return Fund by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 25,120 shares of the company’s stock valued at $365,000 after buying an additional 12,560 shares during the period. Finally, ORG Partners LLC purchased a new stake in Flaherty & Crumrine Total Return Fund in the 1st quarter worth about $37,000.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE FLC traded down $0.06 during trading on Monday, hitting $15.78. The company had a trading volume of 29,340 shares, compared to its average volume of 31,713. Flaherty & Crumrine Total Return Fund has a 52 week low of $12.62 and a 52 week high of $16.03. The business’s 50-day moving average is $15.49 and its 200 day moving average is $15.21.

Flaherty & Crumrine Total Return Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.0913 per share. The ex-dividend date of this dividend is Friday, August 23rd. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.94%.

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.