Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Up 363.2% in September

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 52,800 shares, an increase of 363.2% from the August 31st total of 11,400 shares. Based on an average trading volume of 104,500 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 104,500 shares, the short-interest ratio is currently 0.5 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 1.7%

Shares of NYSE PTA opened at $20.76 on Thursday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $17.40 and a 1-year high of $21.28. The company has a 50-day moving average of $20.29 and a two-hundred day moving average of $19.64.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a $0.134 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 229.0% in the second quarter. Rockefeller Capital Management L.P. now owns 165,242 shares of the company’s stock worth $3,272,000 after acquiring an additional 115,019 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth approximately $253,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth approximately $57,000. K2 Principal Fund L.P. acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 1st quarter worth approximately $233,000. Finally, Raymond James Financial Inc. grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 13.1% during the 1st quarter. Raymond James Financial Inc. now owns 565,776 shares of the company’s stock worth $10,999,000 after buying an additional 65,728 shares during the period.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.