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) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 35,084 shares, a drop of 60.6% from the July 15th total of 89,026 shares. Based on an average trading volume of 48,104 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LDP. Geneos Wealth Management Inc. boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth approximately $34,000. Litman Gregory Wealth Management LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth approximately $64,000. Compass Financial Management LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter worth approximately $67,000. Finally, Smith Asset Management Co. LLC raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% during the fourth quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock worth $249,000 after purchasing an additional 1,614 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Shares of LDP stock traded down $0.06 during mid-day trading on Friday, hitting $20.61. 56,745 shares of the company’s stock were exchanged, compared to its average volume of 65,652. Cohen & Steers Limited Duration Preferred and Income Fund has a fifty-two week low of $19.35 and a fifty-two week high of $22.05. The stock has a 50-day simple moving average of $20.84 and a two-hundred day simple moving average of $20.82.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.131 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, September 8th.

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.