Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Up 215.0% in February

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 12,600 shares, a growth of 215.0% from the February 13th total of 4,000 shares. Based on an average trading volume of 156,100 shares, the short-interest ratio is currently 0.1 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Down 0.4 %

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock traded down $0.08 during midday trading on Thursday, hitting $19.17. 56,172 shares of the stock were exchanged, compared to its average volume of 124,046. The company has a fifty day simple moving average of $19.75 and a two-hundred day simple moving average of $20.11. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 52 week low of $18.19 and a 52 week high of $21.28.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.134 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.39%.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2.8% during the fourth quarter. NewEdge Advisors LLC now owns 22,534 shares of the company’s stock worth $433,000 after acquiring an additional 608 shares in the last quarter. Journey Strategic Wealth LLC raised its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 11.9% during the fourth quarter. Journey Strategic Wealth LLC now owns 13,150 shares of the company’s stock worth $253,000 after purchasing an additional 1,400 shares during the period. US Bancorp DE bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter valued at about $38,000. IFP Advisors Inc grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 141.9% in the 4th quarter. IFP Advisors Inc now owns 3,466 shares of the company’s stock valued at $67,000 after purchasing an additional 2,033 shares during the period. Finally, Lido Advisors LLC increased its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 6.0% during the 4th quarter. Lido Advisors LLC now owns 36,439 shares of the company’s stock worth $700,000 after purchasing an additional 2,055 shares in the last quarter.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.