Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Update

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 31,580 shares, a growth of 142.6% from the May 14th total of 13,019 shares. Based on an average daily volume of 67,650 shares, the short-interest ratio is presently 0.5 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of PSF. Fiera Capital Corp acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 3rd quarter valued at $1,179,000. Glaxis Capital Management LLC acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 4th quarter valued at $913,000. Sanctuary Advisors LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 94.3% during the 4th quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock valued at $1,775,000 after acquiring an additional 42,484 shares during the last quarter. Pettinga Financial Advisors LLC acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 4th quarter valued at $592,000. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 37.4% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 103,391 shares of the company’s stock valued at $2,148,000 after acquiring an additional 28,148 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

PSF traded up $0.03 during trading on Friday, reaching $19.52. The stock had a trading volume of 14,536 shares, compared to its average volume of 42,093. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.95 and a 1-year high of $21.20. The stock has a 50 day moving average of $19.70 and a two-hundred day moving average of $20.03.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.126 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, June 9th.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.