Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Decreases By 49.0%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSFGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 10,600 shares, a decrease of 49.0% from the March 31st total of 20,800 shares. Based on an average daily trading volume, of 43,500 shares, the short-interest ratio is presently 0.2 days.

NYSE:PSF traded down $0.07 during trading hours on Friday, hitting $21.19. The company’s stock had a trading volume of 33,794 shares, compared to its average volume of 46,432. The stock has a fifty day moving average of $22.14 and a 200-day moving average of $25.10. Cohen & Steers Select Preferred and Income Fund has a 52-week low of $21.12 and a 52-week high of $32.50.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Tuesday, June 14th.

A number of hedge funds have recently added to or reduced their stakes in PSF. Advisor Group Holdings Inc. raised its position in Cohen & Steers Select Preferred and Income Fund by 0.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 67,174 shares of the company’s stock worth $1,800,000 after buying an additional 556 shares during the last quarter. American Research & Management Co. grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 9.3% in the fourth quarter. American Research & Management Co. now owns 8,265 shares of the company’s stock valued at $222,000 after purchasing an additional 700 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 4.3% in the fourth quarter. Kestra Advisory Services LLC now owns 39,324 shares of the company’s stock worth $1,054,000 after acquiring an additional 1,626 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 1.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 152,556 shares of the company’s stock worth $4,089,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the third quarter worth about $99,000.

Cohen & Steers Select Preferred and Income Fund Company Profile (Get Rating)

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.

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