Short Interest in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Increases By 29.9%

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 23,000 shares, an increase of 29.9% from the October 15th total of 17,700 shares. Based on an average daily trading volume, of 30,100 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several large investors have recently made changes to their positions in the company. Pathstone Holdings LLC boosted its position in Flaherty & Crumrine Total Return Fund by 153.9% during the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock worth $1,531,000 after purchasing an additional 53,648 shares in the last quarter. Catalina Capital Group LLC acquired a new position in Flaherty & Crumrine Total Return Fund during the third quarter worth $178,000. MRA Advisory Group acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter valued at about $177,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Flaherty & Crumrine Total Return Fund by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock worth $165,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Matisse Capital raised its position in shares of Flaherty & Crumrine Total Return Fund by 23.0% during the 2nd quarter. Matisse Capital now owns 95,300 shares of the company’s stock worth $1,481,000 after purchasing an additional 17,795 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC opened at $16.64 on Friday. The stock’s 50-day moving average price is $17.10 and its 200-day moving average price is $16.16. Flaherty & Crumrine Total Return Fund has a 52 week low of $13.94 and a 52 week high of $17.48.

Flaherty & Crumrine Total Return Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.0937 per share. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.76%.

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.