Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Short Interest Up 158.4% in December

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Free Report) was the target of a large growth in short interest in 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 volume of 132,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FFC. Raymond James & Associates grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the second quarter. Raymond James & Associates now owns 153,998 shares of the financial services provider’s stock worth $2,278,000 after buying an additional 5,407 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.4% during the 2nd quarter. International Assets Investment Management LLC now owns 16,696 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 2,830 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $269,000. Envestnet Asset Management Inc. lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock worth $2,514,000 after purchasing an additional 28,492 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 5.3% during the second quarter. Thrivent Financial for Lutherans now owns 45,483 shares of the financial services provider’s stock worth $673,000 after buying an additional 2,295 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.6 %

Shares of NYSE FFC opened at $15.57 on Friday. The stock’s fifty day moving average price is $15.88 and its two-hundred day moving average price is $15.57. Flaherty & Crumrine Preferred Securities Income Fund has a one year low of $13.72 and a one year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

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

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.

Featured Stories

Receive News & Ratings for Flaherty & Crumrine Preferred Securities Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flaherty & Crumrine Preferred Securities Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.