Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Sees Significant Increase in Short Interest

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 31,580 shares, an increase of 142.6% from the May 14th total of 13,019 shares. Based on an average daily trading volume, of 67,650 shares, the days-to-cover ratio is currently 0.5 days.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.1%

Cohen & Steers Select Preferred and Income Fund stock traded up $0.03 during midday trading on Friday, hitting $19.52. The stock had a trading volume of 14,536 shares, compared to its average volume of 42,093. Cohen & Steers Select Preferred and Income Fund has a 12 month low of $18.95 and a 12 month high of $21.20. The business has a fifty day moving average price of $19.70 and a 200 day moving average price of $20.03.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.126 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, June 9th.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in Cohen & Steers Select Preferred and Income Fund in the third quarter valued at about $152,000. US Bancorp DE boosted its stake in Cohen & Steers Select Preferred and Income Fund by 159.0% in the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after acquiring an additional 4,911 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after acquiring an additional 543 shares during the period. Arlington Capital Management Inc. boosted its stake in Cohen & Steers Select Preferred and Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after acquiring an additional 703 shares during the period. Finally, Comerica Bank boosted its stake in Cohen & Steers Select Preferred and Income Fund by 70.0% in the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after acquiring an additional 5,033 shares during the period.

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.