Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Sees Significant Decrease in Short Interest

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 886 shares, a drop of 88.0% from the February 12th total of 7,373 shares. Based on an average daily volume of 22,492 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 22,492 shares, the short-interest ratio is presently 0.0 days.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.4%

Shares of NYSE:PSF traded down $0.08 during trading on Thursday, reaching $19.63. The stock had a trading volume of 54,690 shares, compared to its average volume of 34,841. The stock has a fifty day simple moving average of $20.38 and a two-hundred day simple moving average 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 Announces Dividend

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 $0.126 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, March 10th.

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

Hedge funds have recently bought and sold shares of the company. Gridiron Partners LLC grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 12,990.5% in the third quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock valued at $1,096,000 after purchasing an additional 5,234,520 shares during the last quarter. Fiera Capital Corp bought a new stake in Cohen & Steers Select Preferred and Income Fund during the 3rd quarter valued at approximately $1,179,000. Glaxis Capital Management LLC bought a new stake in Cohen & Steers Select Preferred and Income Fund during the 4th quarter valued at approximately $913,000. Guggenheim Capital LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 18.0% in the 2nd quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock valued at $5,914,000 after buying an additional 44,708 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Cohen & Steers Select Preferred and Income Fund by 94.3% in the 4th quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock worth $1,775,000 after buying an additional 42,484 shares during the period.

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.