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

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 8,600 shares, a drop of 45.9% from the January 31st total of 15,900 shares. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is presently 0.3 days.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.2 %

Shares of NYSE:PFO traded up $0.02 during trading on Friday, hitting $9.23. 30,844 shares of the company’s stock traded hands, compared to its average volume of 26,619. The company has a 50-day moving average price of $9.12 and a 200-day moving average price of $9.17. Flaherty & Crumrine Preferred Income Opportunity Fund has a 52 week low of $7.89 and a 52 week high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.0505 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Wednesday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Opportunity Fund

Large investors have recently made changes to their positions in the stock. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at $682,000. Citadel Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at about $97,000. Bank of America Corp DE lifted its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 7.4% in the fourth quarter. Bank of America Corp DE now owns 21,790 shares of the company’s stock valued at $196,000 after purchasing an additional 1,500 shares in the last quarter. Invesco Ltd. acquired a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the fourth quarter worth about $113,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 205.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 116,029 shares of the company’s stock worth $1,045,000 after buying an additional 78,044 shares in the last quarter. Institutional investors own 12.90% of the company’s stock.

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.