Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 26,093 shares, an increase of 90.1% from the June 15th total of 13,727 shares. Based on an average daily trading volume, of 38,422 shares, the short-interest ratio is presently 0.7 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in 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 worth $166,000 after buying an additional 4,911 shares during the period. Integrated Wealth Concepts LLC boosted 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 during the period. Arlington Capital Management Inc. grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% during the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after acquiring an additional 703 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Cohen & Steers Select Preferred and Income Fund during the first quarter worth about $247,000. Finally, Comerica Bank increased its holdings in shares of 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 acquiring an additional 5,033 shares during the period.
Cohen & Steers Select Preferred and Income Fund Stock Performance
NYSE PSF traded down $0.10 during trading hours on Thursday, reaching $19.95. The company’s stock had a trading volume of 20,166 shares, compared to its average volume of 40,982. The business has a 50-day simple moving average of $19.76 and a 200 day simple moving average of $19.97. 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
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.
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