Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Update

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 67,178 shares, an increase of 142.3% from the August 15th total of 27,722 shares. Based on an average daily trading volume, of 69,743 shares, the short-interest ratio is currently 1.0 days.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.2%

Shares of NYSE LDP traded down $0.03 during mid-day trading on Friday, reaching $19.97. The company had a trading volume of 78,795 shares, compared to its average volume of 66,091. The firm has a 50 day simple moving average of $20.69 and a two-hundred day simple moving average of $20.70. Cohen & Steers Limited Duration Preferred and Income Fund has a 52-week low of $19.35 and a 52-week high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.131 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, September 8th.

Hedge Funds Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

Several hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after purchasing an additional 1,014 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth approximately $34,000. Litman Gregory Wealth Management LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth approximately $64,000. Compass Financial Management LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter valued at approximately $67,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 18.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,373 shares of the company’s stock valued at $219,000 after buying an additional 1,631 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.