Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Sees Large Growth in Short Interest

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 57,067 shares, an increase of 277.4% from the October 15th total of 15,121 shares. Based on an average daily trading volume, of 291,659 shares, the days-to-cover ratio is currently 0.2 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Performance

Shares of NYSE:PTA traded down $0.24 during trading on Thursday, hitting $16.80. 216,871 shares of the company’s stock were exchanged, compared to its average volume of 173,951. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 52-week low of $16.66 and a 52-week high of $19.92. The business’s 50-day simple moving average is $17.37 and its 200 day simple moving average is $18.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.4% during the 1st quarter. Royal Bank of Canada now owns 719,118 shares of the company’s stock valued at $13,476,000 after buying an additional 23,897 shares in the last quarter. Atlas Wealth LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 3rd quarter valued at $2,897,000. Lido Advisors LLC grew its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.2% in the third quarter. Lido Advisors LLC now owns 158,036 shares of the company’s stock worth $2,748,000 after purchasing an additional 14,585 shares during the last quarter. Pettinga Financial Advisors LLC grew its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 61.0% in the second quarter. Pettinga Financial Advisors LLC now owns 85,599 shares of the company’s stock worth $1,642,000 after purchasing an additional 32,435 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 21.1% during the third quarter. First Trust Advisors LP now owns 82,918 shares of the company’s stock valued at $1,442,000 after buying an additional 14,438 shares during the period.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Inc. is a closed-end investment fund managed by Cohen & Steers. It seeks to provide high current income, with capital appreciation as a secondary objective. The fund invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the United States and other countries. Its tax-advantaged approach focuses on income-generating investments, though the tax treatment of distributions can vary.