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 recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 40,492 shares, a decline of 39.7% from the August 31st total of 67,178 shares. Based on an average daily trading volume, of 75,941 shares, the days-to-cover ratio is presently 0.5 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of LDP opened at $19.30 on Wednesday. The firm’s 50-day moving average is $20.29 and its two-hundred day moving average is $20.56. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $18.83 and a twelve month 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 Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be given a $0.1310 dividend. This represents a $1.57 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, December 8th.

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

Several institutional investors and hedge funds have recently modified their holdings of LDP. Compass Financial Management LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter worth approximately $67,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 18.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,373 shares of the company’s stock worth $219,000 after purchasing an additional 1,631 shares during the period. Smith Asset Management Co. LLC lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% during the fourth quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock valued at $249,000 after buying an additional 1,614 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 29.0% in the 1st quarter. Cetera Investment Advisers now owns 25,694 shares of the company’s stock valued at $513,000 after acquiring an additional 5,781 shares during the period. Finally, Readystate Asset Management LP purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter valued at about $533,000.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund seeks to provide a high level of current income while also pursuing capital appreciation through a portfolio focused on preferred securities and other income-producing investments.

The fund invests across a range of preferred stocks, corporate debt securities, and other fixed-income instruments. Its limited-duration strategy is designed to help manage sensitivity to changes in interest rates, while its portfolio may include securities issued by companies in financial services, utilities, telecommunications, real estate, and other industries.

LDP is managed by Cohen & Steers Capital Management, an investment adviser specializing in real assets and income-oriented strategies.