Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Update

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 19,700 shares, a decline of 16.9% from the March 31st total of 23,700 shares. Based on an average daily trading volume, of 82,500 shares, the short-interest ratio is presently 0.2 days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 4.2% during the 2nd quarter. Morgan Stanley now owns 1,144,355 shares of the company’s stock worth $31,344,000 after purchasing an additional 46,285 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 23.8% in the third quarter. Commonwealth Equity Services LLC now owns 21,286 shares of the company’s stock valued at $580,000 after buying an additional 4,093 shares during the period. Raymond James & Associates lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 6.2% during the 3rd quarter. Raymond James & Associates now owns 40,711 shares of the company’s stock valued at $1,111,000 after buying an additional 2,383 shares during the last quarter. IPG Investment Advisors LLC lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 62.1% during the 3rd quarter. IPG Investment Advisors LLC now owns 12,850 shares of the company’s stock valued at $351,000 after buying an additional 4,925 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 71,397 shares of the company’s stock worth $1,948,000 after acquiring an additional 615 shares during the period.

LDP stock opened at $21.30 on Wednesday. The stock has a fifty day simple moving average of $22.08. Cohen & Steers Limited Duration Preferred and Income Fund has a 1-year low of $21.00 and a 1-year high of $27.75.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date is Tuesday, June 14th.

About Cohen & Steers Limited Duration Preferred and Income Fund (Get Rating)

Cohen & Steers Limited Duration Preferred and Income Fund, Inc is a closed-ended fixed income fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets across the globe. The fund uses derivatives like interest rate swaps to make its investments.

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