Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Up 42.1% in March

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 32,609 shares, a growth of 42.1% from the February 26th total of 22,948 shares. Based on an average trading volume of 70,679 shares, the days-to-cover ratio is currently 0.5 days.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 2.1%

Shares of LDP stock traded down $0.42 on Friday, hitting $19.50. 120,418 shares of the stock traded hands, compared to its average volume of 71,556. The firm’s 50-day moving average price is $21.00 and its two-hundred day moving average price is $21.29. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $18.38 and a twelve month high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.131 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 12.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 239,403 shares of the company’s stock valued at $5,188,000 after buying an additional 26,506 shares during the period. PMG Family Office LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at approximately $580,000. WJ Financial Advisors LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter worth approximately $1,142,000. Financial Security Advisor Inc. purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter worth approximately $286,000. Finally, Kestra Private Wealth Services LLC increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 11.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 20,347 shares of the company’s stock worth $431,000 after acquiring an additional 2,118 shares during the last quarter.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.