Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Short Interest Up 377.5% in January

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 82,600 shares, a growth of 377.5% from the December 31st total of 17,300 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is currently 2.7 days.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of Flaherty & Crumrine Total Return Fund stock traded up $0.05 on Thursday, hitting $16.96. 3,807 shares of the company’s stock traded hands, compared to its average volume of 23,279. The firm’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $16.70. Flaherty & Crumrine Total Return Fund has a one year low of $14.51 and a one year high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

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 issued a dividend of $0.0937 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FLC. HighTower Advisors LLC increased 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 valued at $363,000 after buying an additional 5,574 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $278,000. MRA Advisory Group bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter worth $177,000. Catalina Capital Group LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth about $178,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $165,000 after buying an additional 1,100 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.