Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Expands By 48.0%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 13,093 shares, a growth of 48.0% from the March 15th total of 8,848 shares. Based on an average daily trading volume, of 39,731 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new position in Cohen & Steers Select Preferred and Income Fund in the third quarter worth about $152,000. US Bancorp DE grew 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 acquiring an additional 4,911 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock worth $219,000 after acquiring an additional 543 shares in the last quarter. Arlington Capital Management Inc. grew its position 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 acquiring an additional 703 shares in the last quarter. Finally, Comerica Bank grew its position in Cohen & Steers Select Preferred and Income Fund by 70.0% in the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock worth $248,000 after acquiring an additional 5,033 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

NYSE PSF traded down $0.04 during trading on Thursday, hitting $19.80. 61,656 shares of the stock traded hands, compared to its average volume of 37,414. The firm has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $20.32. Cohen & Steers Select Preferred and Income Fund has a 12-month low of $18.81 and a 12-month high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.126 dividend. The ex-dividend date is Tuesday, June 9th. This represents a c) annualized dividend and a yield of 7.6%.

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.