Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Shorted: Short Interest Down 61.5% in October

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 14,391 shares, a decline of 61.5% from the September 30th total of 37,374 shares. Based on an average daily trading volume, of 147,910 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RNP. Ellis Investment Partners LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.9% during the third quarter. Ellis Investment Partners LLC now owns 1,341,379 shares of the investment management company’s stock worth $25,017,000 after purchasing an additional 37,913 shares during the period. XML Financial LLC grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 6.7% in the second quarter. XML Financial LLC now owns 598,747 shares of the investment management company’s stock worth $12,155,000 after purchasing an additional 37,672 shares during the last quarter. Bank of America Corp DE increased its holdings in Cohen & Steers REIT and Preferred Income Fund by 9.4% in the first quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock valued at $11,872,000 after purchasing an additional 51,660 shares during the period. Royal Bank of Canada increased its holdings in Cohen & Steers REIT and Preferred Income Fund by 2.4% in the first quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock valued at $6,189,000 after purchasing an additional 7,430 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at $2,921,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE:RNP traded down $0.02 during trading hours on Friday, hitting $18.90. The company’s stock had a trading volume of 139,273 shares, compared to its average volume of 123,198. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $18.01 and a twelve month high of $21.86. The stock has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $20.27.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol RNP. The fund is managed by Cohen & Steers, a specialized investment manager focused on real assets and income-oriented securities.

RNP seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio generally combines publicly traded real estate investment trusts (REITs) and other real estate securities with preferred securities issued by companies in a range of industries.