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 recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 8,637 shares, a decrease of 34.0% from the March 31st total of 13,093 shares. Based on an average trading volume of 45,500 shares, the short-interest ratio is currently 0.2 days.

Cohen & Steers Select Preferred and Income Fund Trading Up 1.1%

PSF traded up $0.22 during trading hours on Thursday, reaching $20.00. The company’s stock had a trading volume of 59,462 shares, compared to its average volume of 38,182. Cohen & Steers Select Preferred and Income Fund has a fifty-two week low of $18.95 and a fifty-two week high of $21.20. The business’s 50-day moving average is $19.82 and its 200-day moving average is $20.25.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.126 dividend. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PSF. Fiera Capital Corp acquired a new position in Cohen & Steers Select Preferred and Income Fund during the third quarter worth $1,179,000. Glaxis Capital Management LLC acquired a new position in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth $913,000. Sanctuary Advisors LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 94.3% during the fourth quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock worth $1,775,000 after purchasing an additional 42,484 shares in the last quarter. Pettinga Financial Advisors LLC acquired a new position in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth $592,000. Finally, Kestra Private Wealth Services LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 37.4% during the third quarter. Kestra Private Wealth Services LLC now owns 103,391 shares of the company’s stock worth $2,148,000 after purchasing an additional 28,148 shares in 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.