Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Shorted: Short Interest Down 61.5% in October

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 14,391 shares, a decline of 61.5% from the September 30th total of 37,374 shares. Based on an average daily volume of 147,910 shares, the days-to-cover ratio is currently 0.1 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE RNP opened at $18.38 on Thursday. The company has a 50-day simple moving average of $19.20 and a two-hundred day simple moving average of $20.29. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $18.01 and a 12-month high of $21.86.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 9.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,123 shares of the investment management company’s stock valued at $327,000 after purchasing an additional 1,395 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the second quarter valued at about $44,000. Keating Financial Advisory Services Inc. bought a new position in Cohen & Steers REIT and Preferred Income Fund in the second quarter worth about $77,000. Royal Bank of Canada raised its stake in Cohen & Steers REIT and Preferred Income Fund by 2.4% in the first quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock worth $6,189,000 after buying an additional 7,430 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the second quarter worth about $218,000.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) is a closed-end investment fund managed by Cohen & Steers Capital Management. The fund seeks to provide high current income and capital appreciation by investing primarily in real estate investment trusts (REITs), other real estate companies, and preferred securities.

RNP’s portfolio may include common and preferred stocks of companies involved in the ownership, development, management, and financing of commercial and residential real estate.