Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Rises By 90.1%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 26,093 shares, an increase of 90.1% from the June 15th total of 13,727 shares. Based on an average daily volume of 38,422 shares, the short-interest ratio is presently 0.7 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pettinga Financial Advisors LLC boosted its position in shares of Cohen & Steers Select Preferred and Income Fund by 101.2% during the second quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock valued at $1,626,000 after buying an additional 40,612 shares during the last quarter. Noble Wealth Management PBC grew its position in Cohen & Steers Select Preferred and Income Fund by 16.4% in the second quarter. Noble Wealth Management PBC now owns 20,055 shares of the company’s stock worth $404,000 after acquiring an additional 2,825 shares in the last quarter. Readystate Asset Management LP purchased a new stake in Cohen & Steers Select Preferred and Income Fund in the 1st quarter worth about $262,000. Royal Bank of Canada lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 25.1% during the 1st quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock valued at $1,449,000 after buying an additional 15,019 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 5.0% in the first quarter. Sanctuary Advisors LLC now owns 91,883 shares of the company’s stock valued at $1,782,000 after acquiring an additional 4,340 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.5%

NYSE PSF traded down $0.09 on Friday, hitting $19.84. The company’s stock had a trading volume of 20,047 shares, compared to its average volume of 40,826. The company’s 50-day moving average is $19.76 and its 200 day moving average is $19.97. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.95 and a 1-year high of $21.20.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.126 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.