Short Interest in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Decreases By 57.0%

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO - Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 12,200 shares, a decrease of 57.0% from the December 31st total of 28,400 shares. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is currently 0.3 days.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

PFO stock traded down $0.04 during trading hours on Monday, hitting $9.11. The company's stock had a trading volume of 20,137 shares, compared to its average volume of 26,478. Flaherty & Crumrine Preferred Income Opportunity Fund has a 12 month low of $7.89 and a 12 month high of $9.54. The stock has a 50 day moving average price of $9.11 and a two-hundred day moving average price of $9.09.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.0505 per share. This represents a $0.61 annualized dividend and a yield of 6.65%. The ex-dividend date is Wednesday, April 23rd.

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

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth approximately $47,000. Jag Capital Management LLC acquired a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth $120,000. Finally, Napa Wealth Management raised its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 21.6% during the 3rd quarter. Napa Wealth Management now owns 97,047 shares of the company's stock valued at $913,000 after acquiring an additional 17,255 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company's stock.

About Flaherty & Crumrine Preferred Income Opportunity Fund

Flaherty & Crumrine Preferred Income Opportunity 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 stocks of companies operating in the financial services sector.