Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Increases By 64.5%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 30,600 shares, an increase of 64.5% from the October 31st total of 18,600 shares. Based on an average daily trading volume, of 33,200 shares, the short-interest ratio is currently 0.9 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

PSF opened at $20.32 on Friday. The company’s 50 day simple moving average is $20.77 and its two-hundred day simple moving average is $20.18. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.45 and a 1-year high of $21.60.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.126 per share. The ex-dividend date was Tuesday, October 15th. This represents a yield of 7.24%.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSF. Daymark Wealth Partners LLC raised its stake in Cohen & Steers Select Preferred and Income Fund by 25.4% during the third quarter. Daymark Wealth Partners LLC now owns 24,700 shares of the company’s stock worth $530,000 after purchasing an additional 5,000 shares during the period. WealthBridge Capital Management LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 74.6% during the 3rd quarter. WealthBridge Capital Management LLC now owns 25,860 shares of the company’s stock valued at $554,000 after buying an additional 11,050 shares during the period. Shaker Financial Services LLC lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 118.4% in the third quarter. Shaker Financial Services LLC now owns 81,753 shares of the company’s stock valued at $1,753,000 after acquiring an additional 44,327 shares during the last quarter. Raymond James & Associates grew its position in Cohen & Steers Select Preferred and Income Fund by 15.0% in the second quarter. Raymond James & Associates now owns 106,251 shares of the company’s stock worth $2,102,000 after acquiring an additional 13,883 shares during the period. Finally, Baldwin Brothers LLC MA increased its stake in Cohen & Steers Select Preferred and Income Fund by 11.2% during the second quarter. Baldwin Brothers LLC MA now owns 145,755 shares of the company’s stock worth $2,883,000 after acquiring an additional 14,688 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.