Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Sees Significant Decrease in Short Interest

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 7,500 shares, a drop of 67.4% from the October 31st total of 23,000 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MRA Advisory Group bought a new stake in Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $177,000. Catalina Capital Group LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth $178,000. Northwestern Mutual Wealth Management Co. raised its holdings in Flaherty & Crumrine Total Return Fund by 11.5% during the 2nd 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 last quarter. HighTower Advisors LLC boosted its position in Flaherty & Crumrine Total Return Fund by 36.0% during the 3rd 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. Finally, Pathway Financial Advisers LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the 1st quarter worth $415,000.

Flaherty & Crumrine Total Return Fund Trading Up 0.5 %

Shares of FLC traded up $0.08 during mid-day trading on Wednesday, reaching $16.68. The company’s stock had a trading volume of 32,607 shares, compared to its average volume of 31,390. Flaherty & Crumrine Total Return Fund has a 52 week low of $14.05 and a 52 week high of $17.48. The company’s fifty day moving average price is $17.04 and its two-hundred day moving average price is $16.26.

Flaherty & Crumrine Total Return Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.0937 per share. This represents a $1.12 annualized dividend and a yield of 6.74%. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 21st.

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.