Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Update

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 92,777 shares, a growth of 180.6% from the April 30th total of 33,061 shares. Based on an average daily volume of 126,816 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock worth $26,000 after buying an additional 1,223 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth approximately $32,000. Noble Wealth Management PBC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth approximately $41,000. Osaic Holdings Inc. lifted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% during the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock worth $161,000 after buying an additional 1,404 shares during the last quarter. Finally, Equitable Holdings Inc. acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the third quarter worth approximately $207,000.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Down 0.1%

Shares of PTA stock traded down $0.02 during trading hours on Friday, reaching $19.60. 113,180 shares of the company’s stock were exchanged, compared to its average volume of 143,321. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a fifty-two week low of $18.13 and a fifty-two week high of $20.92. The business has a fifty day moving average price of $19.21 and a 200-day moving average price of $19.39.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.134 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) is a closed-end management investment company that seeks to provide high levels of after-tax total return. The fund pursues this objective primarily through investments in tax-advantaged preferred securities and other income-oriented instruments. Listed on the New York Stock Exchange, PTA offers investors access to a diversified portfolio of income-producing assets managed by a dedicated team of fixed-income specialists.