Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Update

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 2,808 shares, a drop of 65.8% from the January 15th total of 8,209 shares. Based on an average daily trading volume, of 36,050 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 36,050 shares, the days-to-cover ratio is presently 0.1 days.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Cohen & Steers Select Preferred and Income Fund stock traded up $0.07 during midday trading on Friday, reaching $20.50. The company’s stock had a trading volume of 63,372 shares, compared to its average volume of 35,232. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $17.93 and a 52 week high of $21.20. The business has a 50-day moving average price of $20.38 and a 200-day moving average price of $20.54.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $0.126 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pettinga Financial Advisors LLC bought a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth $592,000. Marex Group plc bought a new position in shares of Cohen & Steers Select Preferred and Income Fund in the 4th quarter valued at $316,000. Glaxis Capital Management LLC acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 4th quarter valued at $913,000. LPL Financial LLC grew its position in Cohen & Steers Select Preferred and Income Fund by 2.1% during the 4th quarter. LPL Financial LLC now owns 82,126 shares of the company’s stock worth $1,666,000 after acquiring an additional 1,704 shares during the last quarter. Finally, Fiera Capital Corp grew its position in Cohen & Steers Select Preferred and Income Fund by 84.5% during the 4th quarter. Fiera Capital Corp now owns 104,721 shares of the company’s stock worth $2,124,000 after acquiring an additional 47,975 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

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.