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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 57,161 shares, a growth of 150.9% from the May 31st total of 22,779 shares. Based on an average trading volume of 62,492 shares, the days-to-cover ratio is currently 0.9 days.

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

Shares of NYSE:LDP traded up $0.20 during midday trading on Monday, reaching $21.04. 18,960 shares of the company’s stock traded hands, compared to its average volume of 67,626. 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 stock has a 50 day moving average of $20.72 and a 200 day moving average of $20.91.

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Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.131 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, September 8th.

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

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the period. Global Retirement Partners LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter valued at about $34,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth $64,000. Smith Asset Management Co. LLC lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% in the 4th quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock worth $249,000 after purchasing an additional 1,614 shares during the period. Finally, Creative Planning raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% in the third quarter. Creative Planning now owns 12,070 shares of the company’s stock worth $262,000 after buying an additional 670 shares in the last quarter.

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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