Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Rises By 162.6%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 7,373 shares, an increase of 162.6% from the January 29th total of 2,808 shares. Based on an average trading volume of 39,148 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 39,148 shares, the short-interest ratio is presently 0.2 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

Shares of NYSE PSF opened at $20.40 on Friday. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $17.93 and a 52 week high of $21.20. The business has a 50 day simple moving average of $20.43 and a 200 day simple moving average of $20.53.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

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

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 5.4% during the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after purchasing an additional 543 shares during the period. Truist Financial Corp boosted its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.1% during the fourth quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock worth $672,000 after purchasing an additional 686 shares in the last quarter. Arlington Capital Management Inc. grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% in the 4th quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after buying an additional 703 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% in the 2nd quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock valued at $896,000 after buying an additional 1,094 shares during the period. Finally, Shaker Financial Services LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 1.7% in the 4th quarter. Shaker Financial Services LLC now owns 72,187 shares of the company’s stock valued at $1,464,000 after buying an additional 1,174 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.