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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 35,084 shares, a drop of 60.6% from the July 15th total of 89,026 shares. Based on an average daily trading volume, of 48,104 shares, the short-interest ratio is currently 0.7 days.

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

A number of institutional investors have recently made changes to their positions in LDP. Cetera Investment Advisers increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% during the second quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock valued at $383,000 after acquiring an additional 587 shares in the last quarter. Invesco Ltd. boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 0.9% during the 2nd quarter. Invesco Ltd. now owns 442,605 shares of the company’s stock valued at $9,286,000 after purchasing an additional 3,997 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.5% in the 2nd quarter. Baird Financial Group Inc. now owns 142,096 shares of the company’s stock worth $2,981,000 after purchasing an additional 761 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% during the third quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after purchasing an additional 670 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Cohen & Steers Limited Duration Preferred and Income Fund stock opened at $20.70 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund has a 12 month low of $19.35 and a 12 month high of $22.05. The business’s fifty day simple moving average is $20.84 and its two-hundred day simple moving average is $20.82.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.131 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Tuesday, September 8th.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.