Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Drops By 75.3%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,400 shares, a drop of 75.3% from the December 15th total of 9,700 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 0.1 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 5.9% in the second quarter. Morgan Stanley now owns 332,904 shares of the company’s stock valued at $10,204,000 after acquiring an additional 18,490 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 17.6% in the second quarter. Commonwealth Equity Services LLC now owns 10,563 shares of the company’s stock valued at $323,000 after acquiring an additional 1,584 shares in the last quarter. LPL Financial LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 38.5% in the second quarter. LPL Financial LLC now owns 58,209 shares of the company’s stock valued at $1,784,000 after acquiring an additional 16,177 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 7.0% in the third quarter. Royal Bank of Canada now owns 62,014 shares of the company’s stock valued at $1,768,000 after acquiring an additional 4,077 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Cohen & Steers Select Preferred and Income Fund in the third quarter valued at approximately $99,000.

PSF traded down $0.25 during trading on Friday, hitting $25.64. The company’s stock had a trading volume of 1,285 shares, compared to its average volume of 63,388. Cohen & Steers Select Preferred and Income Fund has a twelve month low of $25.76 and a twelve month high of $32.50. The business’s fifty day simple moving average is $27.59 and its 200 day simple moving average is $29.29.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 31st. Shareholders of record on Wednesday, March 16th will be issued a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Tuesday, March 15th.

Cohen & Steers Select Preferred and Income Fund Company Profile

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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