Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Down 50.4% in May

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 22,779 shares, a drop of 50.4% from the May 14th total of 45,885 shares. Based on an average daily volume of 89,940 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of large investors have recently made changes to their positions in LDP. Cetera Investment Advisers increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock valued at $383,000 after purchasing an additional 587 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.9% in the 2nd quarter. Invesco Ltd. now owns 442,605 shares of the company’s stock valued at $9,286,000 after purchasing an additional 3,997 shares in the last quarter. Baird Financial Group Inc. grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 0.5% in the 2nd quarter. Baird Financial Group Inc. now owns 142,096 shares of the company’s stock valued at $2,981,000 after acquiring an additional 761 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 12.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 239,403 shares of the company’s stock valued at $5,188,000 after acquiring an additional 26,506 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of LDP traded up $0.02 during trading hours on Friday, reaching $20.62. The company had a trading volume of 20,397 shares, compared to its average volume of 70,078. The firm has a 50 day simple moving average of $20.69 and a 200-day simple moving average of $20.95. Cohen & Steers Limited Duration Preferred and Income Fund has a 12-month low of $19.35 and a 12-month high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.131 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, June 9th.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.