Flaherty & Crumrine Preferred Securities Income Fund Inc.·Financial Services

Flaherty and Crumrine Preferred Securities Income Fund Inc. (NYSE: FFC - Get Free Report) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 25,785 shares, an increase of 21.3% from the February 26th total of 21,249 shares. Based on an average trading volume of

Flaherty & Crumrine Preferred Securities Income Fund remains a hold, as high leverage and a challenging rate environment limit growth potential. FFC trades at a 10.06% discount to NAV, well above its five-year average, reflecting persistent headwinds rather than a clear value opportunity. Distributions are currently covered by earnings, but a sustained high-rate environment or debt market deterioration could force a dividend cut.

PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d.

Shares of Flaherty and Crumrine Preferred Securities Income Fund Inc. (NYSE: FFC - Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $16.59 and traded as low as $16.50. Flaherty and Crumrine Preferred Securities Income Fund shares last traded at $16.5450,
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. The fund primarily invests in investment grade preferred securities consisting of hybrid or taxable preferreds. It employs quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Merrill Lynch 8% Capped DRD Preferred Stock Index, Merrill Lynch Hybrid Preferred Securities Index, and Merrill Lynch Adjustable Preferred Stock 7% Constrained Index. It was formerly known as Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated. Flaherty & Crumrine Preferred Securities Income Fund Inc. was formed on May 23, 2002 and is domiciled in the United States.
Financial Services
Asset Management - Income
0
2003-01-30
0.79
Market Peers





