Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Sees Significant Decline in Short Interest

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Rating) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 8,400 shares, a decline of 64.4% from the April 30th total of 23,600 shares. Based on an average daily trading volume, of 72,700 shares, the days-to-cover ratio is currently 0.1 days.

Shares of LDP stock opened at $20.65 on Thursday. The stock’s fifty day simple moving average is $21.58 and its 200 day simple moving average is $23.85. Cohen & Steers Limited Duration Preferred and Income Fund has a one year low of $20.09 and a one year high of $27.75.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date is Tuesday, June 14th.

A number of institutional investors have recently bought and sold shares of LDP. Wolverine Asset Management LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth $1,336,000. Morgan Stanley boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 4.2% in the second 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 in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth $787,000. Doliver Advisors LP acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth $570,000. Finally, Stifel Financial Corp acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter worth $599,000.

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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