Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Drops By 84.6%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 2,204 shares, a decline of 84.6% from the December 15th total of 14,281 shares. Based on an average trading volume of 46,319 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 46,319 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PSF. Integrated Wealth Concepts LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock worth $219,000 after acquiring an additional 543 shares in the last quarter. Farther Finance Advisors LLC grew its position in Cohen & Steers Select Preferred and Income Fund by 32.0% in the second quarter. Farther Finance Advisors LLC now owns 2,501 shares of the company’s stock worth $50,000 after buying an additional 606 shares during the last quarter. Arlington Capital Management Inc. grew its position in Cohen & Steers Select Preferred and Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after buying an additional 703 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% in the second quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock valued at $896,000 after buying an additional 1,094 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 8.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,857 shares of the company’s stock valued at $371,000 after acquiring an additional 1,415 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Price Performance

Shares of NYSE PSF traded up $0.03 during midday trading on Wednesday, reaching $20.41. 24,347 shares of the company traded hands, compared to its average volume of 28,083. The stock has a 50-day moving average price of $20.37 and a 200 day moving average price of $20.50. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $17.93 and a 52 week high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $0.126 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) annualized dividend and a yield of 7.4%.

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.