Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Sees Large Decrease in Short Interest

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDPGet Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 35,084 shares, a drop of 60.6% from the July 15th total of 89,026 shares. Based on an average trading volume of 48,104 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Glaxis Capital Management LLC raised its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock worth $4,907,000 after purchasing an additional 57,800 shares in the last quarter. Platt Wealth Management LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth about $1,762,000. Readystate Asset Management LP bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter worth about $533,000. Breachway Investments LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at about $1,013,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock worth $49,049,000 after purchasing an additional 2,305,718 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Shares of Cohen & Steers Limited Duration Preferred and Income Fund stock opened at $20.70 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund has a 12-month low of $19.35 and a 12-month high of $22.05. The company’s fifty day simple moving average is $20.84 and its two-hundred day simple moving average is $20.82.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.131 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.6%.

About Cohen & Steers Limited Duration Preferred and Income Fund

(Get Free Report)

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.

See Also

Receive News & Ratings for Cohen & Steers Limited Duration Preferred and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers Limited Duration Preferred and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.