Short Interest in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Grows By 142.3%

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 67,178 shares, an increase of 142.3% from the August 15th total of 27,722 shares. Based on an average daily volume of 69,743 shares, the short-interest ratio is presently 1.0 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 0.8%

Shares of LDP stock traded down $0.15 during mid-day trading on Tuesday, hitting $19.61. The company’s stock had a trading volume of 22,888 shares, compared to its average volume of 65,935. Cohen & Steers Limited Duration Preferred and Income Fund has a 52-week low of $19.35 and a 52-week high of $22.05. The business has a 50-day moving average price of $20.66 and a 200 day moving average price of $20.68.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a $0.131 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Glaxis Capital Management LLC raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after buying an additional 57,800 shares during the last quarter. Platt Wealth Management LLC purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth $1,762,000. Readystate Asset Management LP bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth $533,000. Northwestern Mutual Wealth Management Co. increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after acquiring an additional 2,305,718 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the first quarter valued at $637,000.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.