Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Increases By 60.7%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 18,000 shares, a growth of 60.7% from the June 30th total of 11,200 shares. Based on an average daily trading volume, of 25,600 shares, the short-interest ratio is presently 0.7 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

PSF opened at $20.17 on Monday. The business’s fifty day simple moving average is $19.65 and its 200 day simple moving average is $19.51. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $16.66 and a 52 week high of $20.29.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.126 per share. The ex-dividend date is Tuesday, July 16th. This represents a dividend yield of 7.48%.

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

Large investors have recently modified their holdings of the company. Raymond James & Associates boosted its stake 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 buying an additional 13,883 shares in the last quarter. Baldwin Brothers LLC MA boosted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 11.2% in the 2nd quarter. Baldwin Brothers LLC MA now owns 145,755 shares of the company’s stock valued at $2,883,000 after purchasing an additional 14,688 shares in the last quarter. WealthBridge Capital Management LLC bought a new position in shares of Cohen & Steers Select Preferred and Income Fund during the 1st quarter valued at $241,000. KLR Investment Advisors LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 13.2% in the 1st quarter. KLR Investment Advisors LLC now owns 51,725 shares of the company’s stock worth $985,000 after purchasing an additional 6,051 shares during the period. Finally, Cornerstone Advisory LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 43.8% in the 4th quarter. Cornerstone Advisory LLC now owns 164,031 shares of the company’s stock worth $3,100,000 after purchasing an additional 49,988 shares during the period.

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.