Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Up 4,515.4% in January

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 60,000 shares, an increase of 4,515.4% from the January 15th total of 1,300 shares. Based on an average trading volume of 162,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFC. MGO One Seven LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at about $284,000. Arlington Capital Management Inc. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth $459,000. Jacobi Capital Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.9% during the second quarter. Jacobi Capital Management LLC now owns 12,095 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 1,290 shares in the last quarter. RPO LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at about $4,177,000. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 12.9% in the 2nd quarter. Cetera Advisor Networks LLC now owns 128,803 shares of the financial services provider’s stock valued at $1,770,000 after acquiring an additional 14,709 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC stock opened at $14.27 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund has a twelve month low of $11.90 and a twelve month high of $17.33. The business has a fifty day simple moving average of $14.05 and a 200 day simple moving average of $13.48.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.0838 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.01 annualized dividend and a dividend yield of 7.05%.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

(Get Free Report)

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.

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