Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Rises By 81.8%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 31,973 shares, an increase of 81.8% from the August 15th total of 17,584 shares. Based on an average trading volume of 34,546 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Several institutional investors have recently made changes to their positions in PSF. Fiera Capital Corp raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 84.5% in the 4th quarter. Fiera Capital Corp now owns 104,721 shares of the company’s stock worth $2,124,000 after buying an additional 47,975 shares during the period. Sanctuary Advisors LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 5.0% during the first quarter. Sanctuary Advisors LLC now owns 91,883 shares of the company’s stock worth $1,782,000 after acquiring an additional 4,340 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 101.2% during the second quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after acquiring an additional 40,612 shares during the last quarter. Royal Bank of Canada increased its stake in Cohen & Steers Select Preferred and Income Fund by 25.1% during the first quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock worth $1,449,000 after acquiring an additional 15,019 shares during the last quarter. Finally, Glaxis Capital Management LLC purchased a new position in shares of Cohen & Steers Select Preferred and Income Fund in the 4th quarter worth about $913,000.

Cohen & Steers Select Preferred and Income Fund Price Performance

Shares of PSF traded up $0.14 during mid-day trading on Wednesday, hitting $18.67. The company had a trading volume of 15,791 shares, compared to its average volume of 39,556. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.50 and a 1-year high of $21.20. The business’s 50-day simple moving average is $19.49 and its 200-day simple moving average is $19.65.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.126 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 8th.

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.