Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Decreases By 56.5%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSFGet Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 13,727 shares, a drop of 56.5% from the May 31st total of 31,580 shares. Based on an average daily volume of 40,059 shares, the short-interest ratio is currently 0.3 days.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% during the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after acquiring an additional 543 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 1.6% during the 1st quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock valued at $742,000 after purchasing an additional 600 shares in the last quarter. Truist Financial Corp raised its holdings in Cohen & Steers Select Preferred and Income Fund by 2.1% in the fourth quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock worth $672,000 after buying an additional 686 shares during the last quarter. Arlington Capital Management Inc. raised its holdings in Cohen & Steers Select Preferred and Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after buying an additional 703 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% in the second quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock worth $896,000 after buying an additional 1,094 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Trading Up 0.2%

PSF stock opened at $19.89 on Monday. The firm has a 50 day moving average price of $19.71 and a 200-day moving average price of $19.99. 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 business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.126 per share. 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 Select Preferred and Income Fund Company Profile

(Get Free Report)

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.

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