Short Interest in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Expands By 363.2%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 52,800 shares, a growth of 363.2% from the August 31st total of 11,400 shares. Based on an average trading volume of 104,500 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 104,500 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock worth $26,000 after buying an additional 1,223 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter worth about $57,000. US Bancorp DE boosted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 200.0% during the first quarter. US Bancorp DE now owns 6,000 shares of the company’s stock worth $117,000 after buying an additional 4,000 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter worth about $146,000. Finally, Osaic Holdings Inc. raised its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% during the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock worth $161,000 after purchasing an additional 1,404 shares in the last quarter.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.0%

Shares of PTA opened at $20.51 on Friday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a fifty-two week low of $17.40 and a fifty-two week high of $21.28. The firm has a 50-day simple moving average of $20.32 and a 200-day simple moving average of $19.66.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.134 per share. The ex-dividend date is Tuesday, December 9th. This represents a c) annualized dividend and a dividend yield of 7.8%.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.