Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Increases By 81.8%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 31,973 shares, a growth of 81.8% from the August 15th total of 17,584 shares. Based on an average daily trading volume, of 34,546 shares, the days-to-cover ratio is presently 0.9 days.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of PSF stock traded up $0.18 during trading hours on Thursday, hitting $18.75. 56,294 shares of the company were exchanged, compared to its average volume of 40,039. Cohen & Steers Select Preferred and Income Fund has a one year low of $18.48 and a one year high of $21.20. The business’s 50-day simple moving average is $19.43 and its two-hundred day simple moving average is $19.63.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.126 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 8th.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Fiera Capital Corp boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 84.5% in the 4th quarter. Fiera Capital Corp now owns 104,721 shares of the company’s stock valued at $2,124,000 after buying an additional 47,975 shares during the period. Glaxis Capital Management LLC acquired a new stake in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth about $913,000. Pettinga Financial Advisors LLC raised its stake in Cohen & Steers Select Preferred and Income Fund by 101.2% during the second quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after acquiring an additional 40,612 shares during the period. Royal Bank of Canada lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 25.1% in the first quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock worth $1,449,000 after acquiring an additional 15,019 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in Cohen & Steers Select Preferred and Income Fund in the first quarter valued at approximately $262,000.

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.