Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Up 898.6% in March

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 8,848 shares, a growth of 898.6% from the February 26th total of 886 shares. Based on an average daily volume of 45,042 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 45,042 shares, the short-interest ratio is presently 0.2 days.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.8%

PSF stock opened at $19.39 on Wednesday. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $17.93 and a 1-year high of $21.20. The business’s 50 day moving average is $20.24 and its 200-day moving average is $20.46.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.126 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Tuesday, June 9th.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of Cohen & Steers Select Preferred and Income Fund during the third quarter worth approximately $152,000. US Bancorp DE increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% in the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after purchasing an additional 4,911 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after purchasing an additional 543 shares in the last quarter. Arlington Capital Management Inc. raised its position in Cohen & Steers Select Preferred and Income Fund by 6.6% in the 4th quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after purchasing an additional 703 shares during the last quarter. Finally, Comerica Bank raised its position in Cohen & Steers Select Preferred and Income Fund by 70.0% in the 4th quarter. Comerica Bank now owns 12,219 shares of the company’s stock worth $248,000 after purchasing an additional 5,033 shares during the last quarter.

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.