Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Up 100.6% in September

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 131,000 shares, a growth of 100.6% from the August 31st total of 65,300 shares. Based on an average daily trading volume, of 151,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several hedge funds have recently modified their holdings of the business. MGO One Seven LLC increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 843.3% during the 4th quarter. MGO One Seven LLC now owns 206,261 shares of the financial services provider’s stock worth $2,867,000 after purchasing an additional 184,394 shares during the period. Gridiron Partners LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter valued at approximately $2,023,000. Cetera Investment Advisers bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth approximately $2,046,000. Connectus Wealth LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at approximately $1,414,000. Finally, Logan Stone Capital LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at $462,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.1 %

Shares of NYSE:FFC traded down $0.01 during midday trading on Friday, hitting $16.44. The company’s stock had a trading volume of 143,655 shares, compared to its average volume of 138,328. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $11.90 and a fifty-two week high of $16.74. The stock’s 50 day simple moving average is $15.58 and its 200 day simple moving average is $14.91.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a $0.0897 dividend. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.08 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Thursday, October 24th.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.