Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Stock Short Interest Report for October

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 51,484 shares, an increase of 257.8% from the October 15th total of 14,391 shares. Based on an average daily trading volume, of 125,908 shares, the days-to-cover ratio is presently 0.4 days.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.4%

Shares of NYSE:RNP traded down $0.08 during trading on Thursday, reaching $19.02. 102,496 shares of the company traded hands, compared to its average volume of 123,020. The firm has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $20.23. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $18.01 and a 1-year high of $21.86.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Next Level Wealth Planning LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at $36,000. Integrated Wealth Concepts LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter worth about $44,000. Keating Financial Advisory Services Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter worth about $77,000. M Holdings Securities Inc. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth about $206,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth about $218,000.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc. is a closed-end investment fund listed on the New York Stock Exchange under the symbol RNP. The fund is managed by Cohen & Steers, a specialized investment manager focused on real assets and income-oriented securities. RNP seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio generally combines publicly traded real estate investment trusts (REITs) and other real estate securities with preferred securities issued by companies in a range of industries.