Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Sees Large Increase in Short Interest

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 63,300 shares, a growth of 158.4% from the November 30th total of 24,500 shares. Based on an average daily trading volume, of 132,600 shares, the days-to-cover ratio is presently 0.5 days.

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

Several large investors have recently added to or reduced their stakes in FFC. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth approximately $65,000. Future Financial Wealth Managment LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth approximately $112,000. Arkadios Wealth Advisors acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth approximately $168,000. Jane Street Group LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $173,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.4% in the second quarter. International Assets Investment Management LLC now owns 16,696 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 2,830 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.7 %

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.46 on Friday. The firm has a 50 day moving average price of $15.85 and a 200 day moving average price of $15.58. Flaherty & Crumrine Preferred Securities Income Fund has a fifty-two week low of $13.72 and a fifty-two week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 6.9%.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.