Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Down 56.5% in June

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,727 shares, a drop of 56.5% from the May 31st total of 31,580 shares. Based on an average trading volume of 40,059 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 12.6% in the 1st quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock valued at $1,409,000 after purchasing an additional 7,895 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 9.1% in the second quarter. Invesco Ltd. now owns 190,660 shares of the company’s stock worth $3,840,000 after buying an additional 15,851 shares in the last quarter. Raymond James Financial Inc. boosted its position in Cohen & Steers Select Preferred and Income Fund by 1.8% during the second quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock worth $2,952,000 after acquiring an additional 2,591 shares during the last quarter. Osaic Holdings Inc. boosted its position in Cohen & Steers Select Preferred and Income Fund by 2.5% during the second quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock worth $896,000 after acquiring an additional 1,094 shares during the last quarter. Finally, US Bancorp DE grew its stake in Cohen & Steers Select Preferred and Income Fund by 159.0% during the 3rd quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after acquiring an additional 4,911 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

PSF traded down $0.01 during midday trading on Wednesday, hitting $20.12. 33,227 shares of the company traded hands, compared to its average volume of 41,602. The business has a 50 day simple moving average of $19.72 and a two-hundred day simple moving average of $19.98. Cohen & Steers Select Preferred and Income Fund has a 52-week low of $18.95 and a 52-week high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.126 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.