Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Update

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDPGet Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 67,178 shares, an increase of 142.3% from the August 15th total of 27,722 shares. Based on an average daily volume of 69,743 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after acquiring an additional 2,305,718 shares in the last quarter. Oarsman Capital Inc. boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the second quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock worth $14,808,000 after purchasing an additional 16,581 shares during the period. Community Bank & Trust Waco Texas boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% during the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock worth $6,243,000 after purchasing an additional 5,852 shares during the period. Glaxis Capital Management LLC grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after purchasing an additional 57,800 shares during the last quarter. Finally, Rareview Capital LLC grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 9.7% during the second quarter. Rareview Capital LLC now owns 145,557 shares of the company’s stock valued at $3,054,000 after purchasing an additional 12,854 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.9%

NYSE:LDP traded down $0.18 during trading hours on Monday, reaching $19.77. The company’s stock had a trading volume of 89,630 shares, compared to its average volume of 66,225. Cohen & Steers Limited Duration Preferred and Income Fund has a one year low of $19.35 and a one year high of $22.05. The business’s 50-day moving average is $20.69 and its 200-day moving average is $20.69.

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. Shareholders of record on Tuesday, September 8th will be given a $0.131 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.

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