Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Up 92.7% in July

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 89,026 shares, a growth of 92.7% from the June 30th total of 46,205 shares. Based on an average daily trading volume, of 49,353 shares, the short-interest ratio is presently 1.8 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 0.3%

Shares of NYSE LDP traded down $0.07 during mid-day trading on Friday, reaching $20.56. 51,511 shares of the company’s stock traded hands, compared to its average volume of 64,700. The business has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $20.87. Cohen & Steers Limited Duration Preferred and Income Fund has a 1-year low of $19.35 and a 1-year 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 Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.131 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 buying an additional 2,305,718 shares during the last quarter. Platt Wealth Management LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter valued at $1,762,000. Glaxis Capital Management LLC raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in 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. Breachway Investments LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at $1,013,000. Finally, Fifth Third Bancorp bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter valued at $637,000.

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.