Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Update

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 4,300 shares, a decrease of 65.9% from the February 28th total of 12,600 shares. Based on an average daily volume of 149,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter worth about $9,611,000. Bank of America Corp DE lifted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 7.6% in the fourth quarter. Bank of America Corp DE now owns 3,642,417 shares of the company’s stock worth $70,007,000 after buying an additional 257,385 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter valued at approximately $2,339,000. Wells Fargo & Company MN increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10,669.0% during the fourth quarter. Wells Fargo & Company MN now owns 107,690 shares of the company’s stock valued at $2,070,000 after acquiring an additional 106,690 shares in the last quarter. Finally, Pettinga Financial Advisors LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter worth approximately $1,524,000.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.1 %

Shares of NYSE:PTA traded up $0.03 on Friday, hitting $19.43. The company had a trading volume of 47,177 shares, compared to its average volume of 123,571. The firm’s 50-day simple moving average is $19.74 and its two-hundred day simple moving average is $20.03. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1 year low of $18.19 and a 1 year high of $21.28.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.134 per share. This represents a $1.61 annualized dividend and a yield of 8.28%. The ex-dividend date of this dividend is Tuesday, April 8th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.