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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 26,093 shares, an increase of 90.1% from the June 15th total of 13,727 shares. Based on an average daily trading volume, of 38,422 shares, the short-interest ratio is currently 0.7 days.

Cohen & Steers Select Preferred and Income Fund Stock Performance

PSF stock traded down $0.10 on Thursday, reaching $19.95. The company’s stock had a trading volume of 20,166 shares, compared to its average volume of 40,982. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $18.95 and a 52 week high of $21.20. The firm has a fifty day moving average of $19.76 and a two-hundred day moving average of $19.97.

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 of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PSF. US Bancorp DE lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 159.0% in the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after purchasing an additional 4,911 shares during the period. Integrated Wealth Concepts LLC increased 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 buying an additional 543 shares during the period. Arlington Capital Management Inc. raised its position in shares of 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 worth $229,000 after buying an additional 703 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the 1st quarter worth approximately $247,000. Finally, Comerica Bank boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 70.0% in the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after acquiring an additional 5,033 shares in the last quarter.

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.