Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Update

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 8,848 shares, a growth of 898.6% from the February 26th total of 886 shares. Based on an average daily volume of 45,042 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 45,042 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSF. Ameriflex Group Inc. purchased a new position in Cohen & Steers Select Preferred and Income Fund during the third quarter valued at approximately $152,000. US Bancorp DE raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% during the 3rd quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after purchasing an additional 4,911 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% during the 3rd 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. Arlington Capital Management Inc. lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% during 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 in the last quarter. Finally, Comerica Bank lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 70.0% during the 4th quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after buying an additional 5,033 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Down 0.8%

Shares of NYSE PSF traded down $0.17 during trading on Tuesday, hitting $19.39. The company had a trading volume of 16,488 shares, compared to its average volume of 35,559. The stock has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $20.46. Cohen & Steers Select Preferred and Income Fund has a 12 month low of $17.93 and a 12 month high of $21.20.

About Cohen & Steers Select Preferred and Income Fund

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.