Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Sees Significant Drop in Short Interest

by · The Cerbat Gem

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF – Get Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,204 shares, a decrease of 84.6% from the December 15th total of 14,281 shares. Based on an average daily volume of 46,319 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 46,319 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PSF. Royal Bank of Canada grew its stake in Cohen & Steers Select Preferred and Income Fund by 12.6% during the first quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock worth $1,409,000 after purchasing an additional 7,895 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 2nd quarter worth approximately $66,000. Farther Finance Advisors LLC increased its stake in shares of Cohen & Steers Select Preferred and Income Fund by 32.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,501 shares of the company’s stock valued at $50,000 after acquiring an additional 606 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the 2nd quarter valued at $216,000. Finally, Harbour Investments Inc. lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 11.1% during the 2nd quarter. Harbour Investments Inc. now owns 46,854 shares of the company’s stock valued at $944,000 after acquiring an additional 4,700 shares during the period.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.4%

Shares of PSF traded down $0.08 during midday trading on Tuesday, hitting $20.39. The company’s stock had a trading volume of 39,977 shares, compared to its average volume of 28,560. Cohen & Steers Select Preferred and Income Fund has a one year low of $17.93 and a one year high of $21.20. The company’s fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $20.50.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.126 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) annualized dividend and a yield of 7.4%.

About Cohen & Steers Select Preferred and Income Fund

(Get Free Report)

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.

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