Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Short Interest Update

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 14,100 shares, a growth of 64.0% from the February 13th total of 8,600 shares. Based on an average daily trading volume, of 29,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Flaherty & Crumrine Preferred Income Opportunity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFO. Citadel Advisors LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth approximately $97,000. Invesco Ltd. purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth approximately $113,000. Bank of America Corp DE boosted its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 7.4% in the 4th quarter. Bank of America Corp DE now owns 21,790 shares of the company’s stock worth $196,000 after purchasing an additional 1,500 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 33,668 shares of the company’s stock worth $303,000 after purchasing an additional 10,886 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 77.1% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 39,919 shares of the company’s stock worth $360,000 after purchasing an additional 17,377 shares during the period. Institutional investors own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.1 %

Shares of NYSE PFO traded up $0.01 during trading on Friday, hitting $9.16. The company had a trading volume of 10,933 shares, compared to its average volume of 34,543. The stock has a 50 day simple moving average of $9.15 and a 200 day simple moving average of $9.20. Flaherty & Crumrine Preferred Income Opportunity Fund has a 12 month low of $7.89 and a 12 month high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.0505 per share. This represents a $0.61 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Opportunity Fund Company Profile

Flaherty & Crumrine Preferred Income Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector.