Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Down 56.5% in June

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 13,727 shares, a drop of 56.5% from the May 31st total of 31,580 shares. Based on an average trading volume of 40,059 shares, the short-interest ratio is presently 0.3 days.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of NYSE PSF opened at $19.89 on Monday. Cohen & Steers Select Preferred and Income Fund has a twelve month low of $18.95 and a twelve month high of $21.20. The company has a 50 day moving average of $19.71 and a 200 day moving average of $19.99.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.126 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the third quarter valued at $152,000. US Bancorp DE raised its position in Cohen & Steers Select Preferred and Income Fund by 159.0% in the 3rd quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after buying an additional 4,911 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 5.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after acquiring an additional 543 shares during the period. Arlington Capital Management Inc. lifted its stake in Cohen & Steers Select Preferred and Income Fund by 6.6% during the 4th quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after acquiring an additional 703 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 1st quarter valued at about $247,000.

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.