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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 8,209 shares, an increase of 272.5% from the December 31st total of 2,204 shares. Based on an average daily trading volume, of 30,650 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 30,650 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds have recently modified their holdings of PSF. Farther Finance Advisors LLC boosted 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 purchasing an additional 606 shares during the last quarter. Gridiron Partners LLC boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 12,990.5% in the 3rd quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock worth $1,096,000 after buying an additional 5,234,520 shares during the last quarter. Pettinga Financial Advisors LLC grew its position in Cohen & Steers Select Preferred and Income Fund by 54.4% during the second quarter. Pettinga Financial Advisors LLC now owns 23,672 shares of the company’s stock valued at $477,000 after buying an additional 8,339 shares during the period. Harbour Investments Inc. grew its position in Cohen & Steers Select Preferred and Income Fund by 11.1% during the second quarter. Harbour Investments Inc. now owns 46,854 shares of the company’s stock valued at $944,000 after buying an additional 4,700 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Cohen & Steers Select Preferred and Income Fund by 18.0% during the second quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock worth $5,914,000 after buying an additional 44,708 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

NYSE PSF traded down $0.01 during mid-day trading on Friday, hitting $20.55. The company’s stock had a trading volume of 40,202 shares, compared to its average volume of 33,305. The company’s 50 day simple moving average is $20.35 and its 200 day simple moving average is $20.51. Cohen & Steers Select Preferred and Income Fund has a twelve month low of $17.93 and a twelve month 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. Stockholders of record on Tuesday, March 10th will be issued a $0.126 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 7.4%.

About Cohen & Steers Select Preferred and Income Fund

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.