Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Update

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 37,826 shares, a drop of 44.9% from the January 15th total of 68,711 shares. Based on an average daily trading volume, of 79,175 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 79,175 shares, the days-to-cover ratio is currently 0.5 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of NYSE LDP traded up $0.07 during trading on Friday, reaching $21.37. 39,603 shares of the company traded hands, compared to its average volume of 70,443. The firm has a 50 day simple moving average of $21.29 and a 200-day simple moving average of $21.43. Cohen & Steers Limited Duration Preferred and Income Fund has a 52-week low of $18.38 and a 52-week high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business 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 $0.131 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a yield of 7.4%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after buying an additional 1,014 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth approximately $34,000. Newbridge Financial Services Group Inc. purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter valued at approximately $62,000. Litman Gregory Wealth Management LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter valued at approximately $64,000. Finally, Vermillion Wealth Management Inc. boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% in the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after purchasing an additional 1,771 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.