Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Down 27.8% in February

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 30,200 shares, a drop of 27.8% from the January 31st total of 41,800 shares. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is currently 0.9 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

Shares of Cohen & Steers Select Preferred and Income Fund stock traded up $0.02 during midday trading on Monday, hitting $20.36. 5,380 shares of the company were exchanged, compared to its average volume of 27,867. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $18.45 and a 52 week high of $21.60. The firm has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $20.38.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.126 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a dividend yield of 7.73%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 35.9% during the 4th quarter. Comerica Bank now owns 4,679 shares of the company’s stock worth $93,000 after buying an additional 1,235 shares during the period. Ameriflex Group Inc. bought a new position in Cohen & Steers Select Preferred and Income Fund in the 4th quarter valued at $99,000. Walleye Capital LLC bought a new position in Cohen & Steers Select Preferred and Income Fund in the 4th quarter valued at $206,000. Noble Wealth Management PBC bought a new position in Cohen & Steers Select Preferred and Income Fund in the 4th quarter valued at $255,000. Finally, Wolverine Asset Management LLC bought a new position in Cohen & Steers Select Preferred and Income Fund in the 4th quarter valued at $283,000.

About Cohen & Steers Select Preferred and Income Fund

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.