Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Up 92.7% in July

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 89,026 shares, a growth of 92.7% from the June 30th total of 46,205 shares. Based on an average trading volume of 49,353 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDP. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after acquiring an additional 2,305,718 shares during the period. Invesco Ltd. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.1% in the 3rd quarter. Invesco Ltd. now owns 451,782 shares of the company’s stock worth $9,790,000 after acquiring an additional 9,177 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 448,940 shares of the company’s stock worth $9,562,000 after acquiring an additional 15,767 shares during the period. Glaxis Capital Management LLC increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after purchasing an additional 57,800 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 5.7% in the 4th quarter. LPL Financial LLC now owns 147,190 shares of the company’s stock valued at $3,116,000 after purchasing an additional 7,872 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of NYSE LDP opened at $20.40 on Thursday. Cohen & Steers Limited Duration Preferred and Income Fund has a one year low of $19.35 and a one year high of $22.05. The company’s fifty day moving average is $20.83 and its two-hundred day moving average is $20.87.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.131 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.