Short Interest in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Declines By 50.4%

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 22,779 shares, a drop of 50.4% from the May 14th total of 45,885 shares. Based on an average daily trading volume, of 89,940 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LDP. Northwestern Mutual Wealth Management Co. boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in 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 buying an additional 2,305,718 shares during the period. Invesco Ltd. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.1% during the third 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 raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 448,940 shares of the company’s stock valued at $9,562,000 after acquiring an additional 15,767 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 12.5% during the third quarter. Envestnet Asset Management Inc. now owns 239,403 shares of the company’s stock valued at $5,188,000 after acquiring an additional 26,506 shares in the last quarter. Finally, Glaxis Capital Management LLC boosted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the fourth 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 during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.1%

Cohen & Steers Limited Duration Preferred and Income Fund stock opened at $20.62 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund has a 1 year low of $19.35 and a 1 year high of $22.05. The firm’s 50 day moving average price is $20.69 and its 200-day moving average price is $20.95.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.131 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, June 9th.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.