Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Drops By 65.8%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 2,808 shares, a drop of 65.8% from the January 15th total of 8,209 shares. Based on an average daily trading volume, of 36,050 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 36,050 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Several institutional investors have recently made changes to their positions in the business. Gridiron Partners LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 12,990.5% in the third quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock worth $1,096,000 after purchasing an additional 5,234,520 shares in the last quarter. Pettinga Financial Advisors LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 54.4% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 23,672 shares of the company’s stock worth $477,000 after buying an additional 8,339 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 11.1% in the 2nd quarter. Harbour Investments Inc. now owns 46,854 shares of the company’s stock worth $944,000 after buying an additional 4,700 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 18.0% during the 2nd quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock worth $5,914,000 after buying an additional 44,708 shares during the period. Finally, Shaker Financial Services LLC boosted its stake in Cohen & Steers Select Preferred and Income Fund by 29.6% in the 2nd quarter. Shaker Financial Services LLC now owns 87,569 shares of the company’s stock valued at $1,764,000 after buying an additional 20,026 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of PSF stock remained flat at $20.55 during mid-day trading on Wednesday. The company’s stock had a trading volume of 20,198 shares, compared to its average volume of 33,250. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $17.93 and a 52 week high of $21.20. The company has a 50 day moving average of $20.38 and a 200 day moving average of $20.54.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.126 per share. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.