Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Shares Shorted: Short Interest Down 62.3% in October

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 15,121 shares, a decrease of 62.3% from the September 30th total of 40,159 shares. Based on an average daily volume of 316,096 shares, the days-to-cover ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Choreo LLC boosted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 8.4% during the third quarter. Choreo LLC now owns 14,205 shares of the company’s stock worth $247,000 after purchasing an additional 1,104 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 28.9% in the second quarter. RFG Advisory LLC now owns 40,673 shares of the company’s stock valued at $780,000 after buying an additional 9,117 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter worth $335,000. Northwestern Mutual Wealth Management Co. purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at about $68,000. Finally, Pettinga Financial Advisors LLC increased its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 61.0% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 85,599 shares of the company’s stock worth $1,642,000 after purchasing an additional 32,435 shares during the last quarter.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

PTA stock opened at $17.05 on Thursday. The business has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $18.87. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a twelve month low of $16.66 and a twelve month high of $20.15.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PTA. The fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets and income-oriented strategies.

The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. It invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the financial services, utilities, telecommunications and other sectors.

PTA may invest in securities issued by companies in the United States and other countries, providing exposure to domestic and international income markets.