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

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,400 shares, an increase of 4,300.0% from the February 29th total of 100 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is presently 0.1 days.

Flaherty & Crumrine Preferred Income Fund Stock Performance

NYSE PFD traded up $0.06 on Wednesday, reaching $10.60. The company had a trading volume of 14,238 shares, compared to its average volume of 31,495. The firm’s 50 day moving average price is $10.29 and its 200 day moving average price is $9.77. Flaherty & Crumrine Preferred Income Fund has a 12 month low of $8.53 and a 12 month high of $11.18.

Flaherty & Crumrine Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.0555 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.67 dividend on an annualized basis and a yield of 6.28%.

Institutional Trading of Flaherty & Crumrine Preferred Income Fund

A number of large investors have recently made changes to their positions in the business. Private Wealth Strategies L.L.C. increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 1.8% in the 4th quarter. Private Wealth Strategies L.L.C. now owns 66,067 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 1,161 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 109.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,329 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,219 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 6.0% in the 1st quarter. NewEdge Advisors LLC now owns 25,109 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 1,429 shares during the last quarter. UBS Group AG increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 1.3% in the 1st quarter. UBS Group AG now owns 107,365 shares of the real estate investment trust’s stock worth $1,139,000 after buying an additional 1,430 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 14.7% in the 4th quarter. Susquehanna International Group LLP now owns 13,070 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,680 shares during the last quarter.

Flaherty & Crumrine Preferred Income Fund Company Profile

Flaherty & Crumrine Preferred Income 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 the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.