Short Interest in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Drops By 89.6%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,796 shares, a drop of 89.6% from the June 15th total of 94,406 shares. Based on an average trading volume of 112,030 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2.5% in the third quarter. Bank of America Corp DE now owns 3,994,663 shares of the company’s stock worth $81,531,000 after buying an additional 97,319 shares during the last quarter. Royal Bank of Canada boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.4% during the first quarter. Royal Bank of Canada now owns 719,118 shares of the company’s stock valued at $13,476,000 after buying an additional 23,897 shares during the period. Rivernorth Capital Management LLC bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter valued at $4,555,000. Shaker Financial Services LLC lifted its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 173.1% in the 4th quarter. Shaker Financial Services LLC now owns 147,484 shares of the company’s stock worth $2,848,000 after buying an additional 93,478 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 23.7% during the fourth quarter. Stifel Financial Corp now owns 101,689 shares of the company’s stock valued at $1,964,000 after buying an additional 19,502 shares during the period.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.3%

Shares of NYSE:PTA traded up $0.05 during mid-day trading on Friday, reaching $19.42. 85,208 shares of the stock were exchanged, compared to its average volume of 137,882. The stock’s 50 day simple moving average is $19.38 and its 200-day simple moving average is $19.37. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a one year low of $18.13 and a one year high of $20.92.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.134 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Tuesday, September 8th.

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.