Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Expands By 142.6%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 31,580 shares, a growth of 142.6% from the May 14th total of 13,019 shares. Based on an average daily volume of 67,650 shares, the short-interest ratio is presently 0.5 days.

Cohen & Steers Select Preferred and Income Fund Trading Up 0.1%

Cohen & Steers Select Preferred and Income Fund stock traded up $0.03 during midday trading on Friday, reaching $19.52. The company’s stock had a trading volume of 14,536 shares, compared to its average volume of 42,093. The stock’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $20.03. Cohen & Steers Select Preferred and Income Fund has a 52-week low of $18.95 and a 52-week high of $21.20.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.126 dividend. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSF. Fiera Capital Corp purchased a new stake in Cohen & Steers Select Preferred and Income Fund in the third quarter valued at about $1,179,000. Glaxis Capital Management LLC purchased a new stake in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at about $913,000. Sanctuary Advisors LLC raised its stake in Cohen & Steers Select Preferred and Income Fund by 94.3% in the fourth quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock valued at $1,775,000 after buying an additional 42,484 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new stake in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at about $592,000. Finally, Kestra Private Wealth Services LLC raised its stake in Cohen & Steers Select Preferred and Income Fund by 37.4% in the third quarter. Kestra Private Wealth Services LLC now owns 103,391 shares of the company’s stock valued at $2,148,000 after buying an additional 28,148 shares during the last quarter.

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.