Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Expands By 142.6%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 31,580 shares, a growth of 142.6% from the May 14th total of 13,019 shares. Based on an average trading volume of 67,650 shares, the days-to-cover ratio is currently 0.5 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

PSF stock traded up $0.03 during trading on Friday, reaching $19.52. 14,536 shares of the company traded hands, compared to its average volume of 42,093. The business has a 50 day simple moving average of $19.70 and a 200 day simple moving average of $20.03. Cohen & Steers Select Preferred and Income Fund has a 12 month low of $18.95 and a 12 month high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business 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 $0.126 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, June 9th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its stake in Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after purchasing an additional 543 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Cohen & Steers Select Preferred and Income Fund by 1.6% in the first quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock valued at $742,000 after purchasing an additional 600 shares during the last quarter. Truist Financial Corp grew its stake in Cohen & Steers Select Preferred and Income Fund by 2.1% in the fourth quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock valued at $672,000 after purchasing an additional 686 shares during the last quarter. Arlington Capital Management Inc. grew its stake in Cohen & Steers Select Preferred and Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after purchasing an additional 703 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Cohen & Steers Select Preferred and Income Fund by 2.5% in the second quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock valued at $896,000 after purchasing an additional 1,094 shares during 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.