Short Interest in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Rises By 49.2%

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 67,000 shares, an increase of 49.2% from the January 31st total of 44,900 shares. Based on an average daily trading volume, of 130,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $246,000. US Bancorp DE raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% during the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,500 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $449,000. Jane Street Group LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $173,000. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 662 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.7 %

Shares of NYSE FFC traded down $0.12 during midday trading on Tuesday, reaching $16.00. The company had a trading volume of 90,559 shares, compared to its average volume of 121,365. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $13.72 and a one year high of $16.74. The firm’s fifty day moving average price is $15.89 and its 200-day moving average price is $15.97.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a $0.092 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a yield of 6.90%.

About Flaherty & Crumrine Preferred Securities Income Fund

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.