Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Shorted: Short Interest Up 135.5% in September

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 48,880 shares, an increase of 135.5% from the August 31st total of 20,754 shares. Based on an average daily trading volume, of 117,956 shares, the days-to-cover ratio is presently 0.4 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE:RNP traded down $0.19 during trading hours on Monday, reaching $18.74. The company’s stock had a trading volume of 162,142 shares, compared to its average volume of 120,975. The stock has a 50 day moving average price of $20.16 and a two-hundred day moving average price of $20.43. Cohen & Steers REIT and Preferred Income Fund has a 12 month low of $18.64 and a 12 month high of $22.58.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be given a $0.1360 dividend. This represents a $1.63 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Tuesday, December 8th.

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

A number of large investors have recently added to or reduced their stakes in RNP. XML Financial LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 34.5% in the 1st quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock valued at $11,087,000 after buying an additional 144,035 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth approximately $2,761,000. Bank of America Corp DE lifted its position in Cohen & Steers REIT and Preferred Income Fund by 9.4% during the first quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock valued at $11,872,000 after acquiring an additional 51,660 shares during the last quarter. Independent Financial Group LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the first quarter valued at approximately $757,000. Finally, Johnson Financial Group Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the second quarter worth $2,921,000.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

RNP invests primarily in real estate investment trusts (REITs) and preferred securities. Its portfolio may include common and preferred securities issued by companies involved in commercial, residential, health care, industrial, retail, and other areas of the real estate industry, along with preferred stocks and other income-producing securities.

The fund was established in 2003 and is designed to provide investors with diversified exposure to real estate and preferred-income markets through a professionally managed portfolio.