Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Stock Short Interest Report for October

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 15,121 shares, a drop of 62.3% from the September 30th total of 40,159 shares. Based on an average trading volume of 316,096 shares, the days-to-cover ratio is currently 0.0 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Down 0.8%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock traded down $0.14 during midday trading on Friday, reaching $17.14. The stock had a trading volume of 230,874 shares, compared to its average volume of 167,286. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12 month low of $16.66 and a 12 month high of $20.15. The firm’s 50-day moving average price is $17.57 and its 200 day moving average price is $18.85.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Large investors have recently modified their holdings of the business. Fifth Third Bancorp purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the first quarter worth $1,323,000. First Trust Advisors LP purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the first quarter valued at $1,177,000. Pettinga Financial Advisors LLC grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 61.0% in the second quarter. Pettinga Financial Advisors LLC now owns 85,599 shares of the company’s stock valued at $1,642,000 after purchasing an additional 32,435 shares in the last quarter. Royal Bank of Canada grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.4% in the first quarter. Royal Bank of Canada now owns 719,118 shares of the company’s stock valued at $13,476,000 after purchasing an additional 23,897 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter valued at $335,000.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PTA. The fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets and income-oriented strategies.

The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. It invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the financial services, utilities, telecommunications and other sectors.

PTA may invest in securities issued by companies in the United States and other countries, providing exposure to domestic and international income markets.