Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Sees Large Growth in Short Interest

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 30,600 shares, an increase of 64.5% from the October 31st total of 18,600 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PSF. Daymark Wealth Partners LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 25.4% during the third quarter. Daymark Wealth Partners LLC now owns 24,700 shares of the company’s stock valued at $530,000 after acquiring an additional 5,000 shares during the last quarter. WealthBridge Capital Management LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 74.6% during the third quarter. WealthBridge Capital Management LLC now owns 25,860 shares of the company’s stock valued at $554,000 after acquiring an additional 11,050 shares during the last quarter. Raymond James & Associates increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 15.0% during the second quarter. Raymond James & Associates now owns 106,251 shares of the company’s stock valued at $2,102,000 after acquiring an additional 13,883 shares during the last quarter. Baldwin Brothers LLC MA increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 11.2% during the second quarter. Baldwin Brothers LLC MA now owns 145,755 shares of the company’s stock valued at $2,883,000 after acquiring an additional 14,688 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 118.4% during the third quarter. Shaker Financial Services LLC now owns 81,753 shares of the company’s stock valued at $1,753,000 after acquiring an additional 44,327 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Price Performance

Cohen & Steers Select Preferred and Income Fund stock traded up $0.06 during midday trading on Friday, hitting $20.38. 32,250 shares of the stock were exchanged, compared to its average volume of 28,327. Cohen & Steers Select Preferred and Income Fund has a fifty-two week low of $18.45 and a fifty-two week high of $21.60. The stock’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $20.19.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.126 per share. This represents a yield of 7.24%. The ex-dividend date of this dividend was Tuesday, October 15th.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.