Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Decreases By 88.0%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 886 shares, a drop of 88.0% from the February 12th total of 7,373 shares. Based on an average daily trading volume, of 22,492 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 22,492 shares, the days-to-cover ratio is presently 0.0 days.

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

Several institutional investors have recently added to or reduced their stakes in PSF. Gridiron Partners LLC boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 12,990.5% during the third quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock worth $1,096,000 after purchasing an additional 5,234,520 shares during the period. Fiera Capital Corp purchased a new position in Cohen & Steers Select Preferred and Income Fund during the 3rd quarter valued at about $1,179,000. Guggenheim Capital LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 18.0% during the 2nd quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock valued at $5,914,000 after purchasing an additional 44,708 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock worth $2,952,000 after buying an additional 2,591 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 37.4% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 103,391 shares of the company’s stock worth $2,148,000 after buying an additional 28,148 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Price Performance

PSF traded up $0.08 on Wednesday, hitting $19.69. 58,199 shares of the company were exchanged, compared to its average volume of 34,421. The firm has a fifty day simple moving average of $20.40 and a two-hundred day simple moving average of $20.52. Cohen & Steers Select Preferred and Income Fund has a 12 month low of $17.93 and a 12 month high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.126 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, March 10th.

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.