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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 40,492 shares, a decrease of 39.7% from the August 31st total of 67,178 shares. Based on an average trading volume of 75,941 shares, the short-interest ratio is currently 0.5 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 0.1%

Shares of Cohen & Steers Limited Duration Preferred and Income Fund stock traded up $0.01 during trading on Friday, reaching $19.43. 43,791 shares of the company were exchanged, compared to its average volume of 68,787. The business has a 50-day moving average price of $20.24 and a 200-day moving average price of $20.54. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $18.83 and a twelve month high of $22.05.

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Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be paid a dividend of $0.1310 per share. This represents a $1.57 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, December 8th.

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

Hedge funds have recently made changes to their positions in the business. Glaxis Capital Management LLC lifted its holdings in shares of 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 worth $4,907,000 after buying an additional 57,800 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter worth about $637,000. Readystate Asset Management LP bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter valued at about $533,000. Rareview Capital LLC grew its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20.8% during the 1st quarter. Rareview Capital LLC now owns 132,703 shares of the company’s stock worth $2,784,000 after purchasing an additional 22,855 shares in the last quarter. Finally, Oarsman Capital Inc. increased its holdings in shares of 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.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

(Get Free Report)

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund seeks to provide a high level of current income while also pursuing capital appreciation through a portfolio focused on preferred securities and other income-producing investments.

The fund invests across a range of preferred stocks, corporate debt securities, and other fixed-income instruments. Its limited-duration strategy is designed to help manage sensitivity to changes in interest rates, while its portfolio may include securities issued by companies in financial services, utilities, telecommunications, real estate, and other industries.

LDP is managed by Cohen & Steers Capital Management, an investment adviser specializing in real assets and income-oriented strategies.

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