Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Update

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 21,700 shares, a drop of 53.1% from the February 13th total of 46,300 shares. Based on an average daily trading volume, of 27,300 shares, the short-interest ratio is presently 0.8 days.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE:FLC opened at $16.76 on Friday. The stock’s 50-day simple moving average is $16.93 and its two-hundred day simple moving average is $16.93. Flaherty & Crumrine Total Return Fund has a 52-week low of $14.51 and a 52-week high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a $0.0937 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a yield of 6.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC boosted its position in Flaherty & Crumrine Total Return Fund by 67.9% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after purchasing an additional 1,100 shares during the last quarter. Invesco Ltd. raised its stake in shares of Flaherty & Crumrine Total Return Fund by 4.0% in the fourth quarter. Invesco Ltd. now owns 143,839 shares of the company’s stock worth $2,402,000 after buying an additional 5,473 shares during the period. HighTower Advisors LLC raised its stake in shares of Flaherty & Crumrine Total Return Fund by 36.0% in the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after buying an additional 5,574 shares during the period. Wedbush Securities Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth about $167,000. Finally, Sowell Financial Services LLC raised its stake in shares of Flaherty & Crumrine Total Return Fund by 5.9% in the fourth quarter. Sowell Financial Services LLC now owns 208,369 shares of the company’s stock worth $3,480,000 after buying an additional 11,651 shares during the period.

About Flaherty & Crumrine Total Return Fund

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.