Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Sees Significant Increase in Short Interest

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 110,402 shares, an increase of 224.4% from the October 15th total of 34,029 shares. Based on an average trading volume of 77,488 shares, the days-to-cover ratio is currently 1.4 days.

Cohen & Steers Select Preferred and Income Fund Trading Down 1.7%

Shares of PSF stock traded down $0.31 during trading hours on Thursday, hitting $18.40. The stock had a trading volume of 49,812 shares, compared to its average volume of 45,912. The stock’s 50-day moving average price is $18.48 and its two-hundred day moving average price is $19.48. Cohen & Steers Select Preferred and Income Fund has a one year low of $17.80 and a one year high of $20.80.

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

Several large investors have recently added to or reduced their stakes in PSF. Sanctuary Advisors LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 5.0% during the 1st quarter. Sanctuary Advisors LLC now owns 91,883 shares of the company’s stock valued at $1,782,000 after purchasing an additional 4,340 shares during the last quarter. Pettinga Financial Advisors LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 101.2% in the second quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after acquiring an additional 40,612 shares during the period. Royal Bank of Canada lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 25.1% in the 1st quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock worth $1,449,000 after purchasing an additional 15,019 shares during the period. Glaxis Capital Management LLC boosted its position in Cohen & Steers Select Preferred and Income Fund by 10.0% during the 3rd quarter. Glaxis Capital Management LLC now owns 55,000 shares of the company’s stock valued at $998,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Cohen & Steers Select Preferred and Income Fund by 1.6% in the first quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock worth $742,000 after purchasing an additional 600 shares in the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company advised by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. PSF invests primarily in preferred securities, including preferred stocks and other securities with income-oriented characteristics. The portfolio may also include income-producing securities issued by companies and financial institutions, as well as securities issued by entities outside the United States.