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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 7,373 shares, an increase of 162.6% from the January 29th total of 2,808 shares. Based on an average daily trading volume, of 39,148 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 39,148 shares, the short-interest ratio is currently 0.2 days.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.2%

Shares of NYSE:PSF opened at $20.55 on Friday. Cohen & Steers Select Preferred and Income Fund has a 12-month low of $17.93 and a 12-month high of $21.20. The business’s fifty day simple moving average is $20.42 and its 200-day simple moving average is $20.54.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.126 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Tuesday, March 10th.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Several hedge funds have recently modified their holdings of the company. Gridiron Partners LLC boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 12,990.5% in the 3rd quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock valued at $1,096,000 after buying an additional 5,234,520 shares in the last quarter. Fiera Capital Corp acquired a new stake in Cohen & Steers Select Preferred and Income Fund in the third quarter valued at approximately $1,179,000. Glaxis Capital Management LLC acquired a new stake in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at approximately $913,000. Guggenheim Capital LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 18.0% in the second quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock worth $5,914,000 after purchasing an additional 44,708 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 94.3% during the fourth quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock worth $1,775,000 after purchasing an additional 42,484 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 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.