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 target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 2,808 shares, a drop of 65.8% from the January 15th total of 8,209 shares. Based on an average daily trading volume, of 36,050 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 36,050 shares, the days-to-cover ratio is currently 0.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSF. Ameriflex Group Inc. acquired a new position in shares of Cohen & Steers Select Preferred and Income Fund during the 3rd quarter worth about $152,000. US Bancorp DE raised its holdings in Cohen & Steers Select Preferred and Income Fund by 159.0% during the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after acquiring an additional 4,911 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Cohen & Steers Select Preferred and Income Fund by 5.4% during 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. Arlington Capital Management Inc. boosted its position in Cohen & Steers Select Preferred and Income Fund by 6.6% during the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after purchasing an additional 703 shares during the last quarter. Finally, Comerica Bank grew its stake in Cohen & Steers Select Preferred and Income Fund by 70.0% in the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after purchasing an additional 5,033 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Trading Up 0.3%

NYSE PSF traded up $0.07 during trading on Friday, hitting $20.50. The stock had a trading volume of 63,372 shares, compared to its average volume of 35,232. Cohen & Steers Select Preferred and Income Fund has a 12 month low of $17.93 and a 12 month high of $21.20. The company’s 50-day moving average price is $20.38 and its two-hundred day moving average price is $20.54.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The firm 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 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.