Short Interest in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Expands By 486.4%

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 60,400 shares, a growth of 486.4% from the September 15th total of 10,300 shares. Based on an average daily trading volume, of 84,300 shares, the days-to-cover ratio is currently 0.7 days.

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

A number of large investors have recently made changes to their positions in LDP. Nomura Holdings Inc. bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at about $253,000. Janney Montgomery Scott LLC grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 90.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,013 shares of the company’s stock valued at $422,000 after acquiring an additional 9,994 shares during the period. Choreo LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter valued at approximately $602,000. Oppenheimer & Co. Inc. grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 12.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 36,429 shares of the company’s stock valued at $731,000 after acquiring an additional 3,896 shares during the period. Finally, Glaxis Capital Management LLC grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 11.5% during the 1st quarter. Glaxis Capital Management LLC now owns 103,000 shares of the company’s stock valued at $2,068,000 after acquiring an additional 10,584 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

NYSE LDP traded up $0.05 during trading hours on Friday, hitting $21.53. The company’s stock had a trading volume of 41,415 shares, compared to its average volume of 79,922. Cohen & Steers Limited Duration Preferred and Income Fund has a 12 month low of $16.42 and a 12 month high of $21.87. The company’s 50 day simple moving average is $20.59 and its two-hundred day simple moving average is $20.03.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.131 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 7.30%.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.