Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Up 90.1% in June

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 26,093 shares, an increase of 90.1% from the June 15th total of 13,727 shares. Based on an average daily trading volume, of 38,422 shares, the short-interest ratio is currently 0.7 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fiera Capital Corp increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 84.5% in the fourth quarter. Fiera Capital Corp now owns 104,721 shares of the company’s stock valued at $2,124,000 after purchasing an additional 47,975 shares during the last quarter. Glaxis Capital Management LLC acquired a new position in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth $913,000. Sanctuary Advisors LLC boosted its stake in Cohen & Steers Select Preferred and Income Fund by 94.3% during the fourth quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock worth $1,775,000 after buying an additional 42,484 shares during the last quarter. Pettinga Financial Advisors LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 101.2% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock valued at $1,626,000 after buying an additional 40,612 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 37.4% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 103,391 shares of the company’s stock valued at $2,148,000 after buying an additional 28,148 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

NYSE PSF opened at $19.84 on Friday. The stock’s 50 day simple moving average is $19.76 and its 200-day simple moving average is $19.97. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.95 and a 1-year high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently disclosed 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. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, September 8th.

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.