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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,600 shares, a growth of 186.7% from the February 29th total of 3,000 shares. Based on an average daily volume of 25,200 shares, the days-to-cover ratio is currently 0.3 days.

Cohen & Steers Select Preferred and Income Fund Trading Up 1.4 %

PSF stock opened at $19.90 on Thursday. The company’s 50 day simple moving average is $19.56 and its 200-day simple moving average is $18.84. Cohen & Steers Select Preferred and Income Fund has a 12 month low of $16.00 and a 12 month high of $20.19.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a dividend of $0.126 per share. This represents a $1.51 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Tuesday, June 11th.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 27.8% during the first quarter. UBS Group AG now owns 378,562 shares of the company’s stock valued at $8,737,000 after buying an additional 82,338 shares during the period. Morgan Stanley raised its stake in Cohen & Steers Select Preferred and Income Fund by 102.6% during the fourth quarter. Morgan Stanley now owns 345,718 shares of the company’s stock worth $6,472,000 after purchasing an additional 175,060 shares during the period. Cornerstone Advisory LLC raised its stake in Cohen & Steers Select Preferred and Income Fund by 43.8% during the fourth quarter. Cornerstone Advisory LLC now owns 164,031 shares of the company’s stock worth $3,100,000 after purchasing an additional 49,988 shares during the period. Invesco Ltd. raised its stake in Cohen & Steers Select Preferred and Income Fund by 46.7% during the first quarter. Invesco Ltd. now owns 146,443 shares of the company’s stock worth $3,380,000 after purchasing an additional 46,634 shares during the period. Finally, Bank of America Corp DE raised its stake in Cohen & Steers Select Preferred and Income Fund by 52.7% during the first quarter. Bank of America Corp DE now owns 113,888 shares of the company’s stock worth $2,629,000 after purchasing an additional 39,323 shares during the period.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.