Flaherty & Crumrine Preferred Income Fund - PFD Short Interest Ratio & Short Volume

Short interest is the volume of Flaherty & Crumrine Preferred Income Fund shares that have been sold short but have not yet been closed out or covered. As of January 15th, investors have sold 18,000 shares of PFD short. Learn More on Flaherty & Crumrine Preferred Income Fund's current short interest.

Flaherty & Crumrine Preferred Income Fund saw a decline in short interest in January. As of January 15th, there was short interest totaling 18,000 shares, a decline of 48.7% from the previous total of 35,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling PFD is an investing strategy that aims to generate trading profit from Flaherty & Crumrine Preferred Income Fund as its price is falling. PFD shares are trading up $0.15 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Flaherty & Crumrine Preferred Income Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PFD, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PFD, twice per month. The most recent reporting period available is January, 15 2023.