Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Stock Short Interest Falls 62.3%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 15,121 shares, a decline of 62.3% from the September 30th total of 40,159 shares. Based on an average daily trading volume, of 316,096 shares, the days-to-cover ratio is presently 0.0 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Performance

Shares of NYSE PTA traded down $0.14 during midday trading on Friday, hitting $17.14. 230,874 shares of the company’s stock were exchanged, compared to its average volume of 167,286. The company’s 50 day moving average price is $17.57 and its 200 day moving average price is $18.85. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12 month low of $16.66 and a 12 month high of $20.15.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Large investors have recently modified their holdings of the stock. Choreo LLC lifted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 8.4% during the 3rd quarter. Choreo LLC now owns 14,205 shares of the company’s stock worth $247,000 after buying an additional 1,104 shares during the last quarter. RFG Advisory LLC boosted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 28.9% in the 2nd quarter. RFG Advisory LLC now owns 40,673 shares of the company’s stock valued at $780,000 after purchasing an additional 9,117 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at approximately $335,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter valued at approximately $68,000. Finally, Pettinga Financial Advisors LLC lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 61.0% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 85,599 shares of the company’s stock valued at $1,642,000 after purchasing an additional 32,435 shares during the last quarter.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PTA. The fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets and income-oriented strategies.

The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. It invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the financial services, utilities, telecommunications and other sectors.

PTA may invest in securities issued by companies in the United States and other countries, providing exposure to domestic and international income markets.