Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Decreases By 27.8%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 30,200 shares, a decline of 27.8% from the January 31st total of 41,800 shares. Based on an average trading volume of 34,700 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Comerica Bank lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 35.9% during the fourth quarter. Comerica Bank now owns 4,679 shares of the company’s stock worth $93,000 after acquiring an additional 1,235 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Cohen & Steers Select Preferred and Income Fund during the 4th quarter worth about $99,000. Walleye Capital LLC purchased a new stake in Cohen & Steers Select Preferred and Income Fund during the 4th quarter worth about $206,000. Noble Wealth Management PBC bought a new position in Cohen & Steers Select Preferred and Income Fund in the 4th quarter worth about $255,000. Finally, Wolverine Asset Management LLC purchased a new position in Cohen & Steers Select Preferred and Income Fund during the 4th quarter valued at about $283,000.

Cohen & Steers Select Preferred and Income Fund Price Performance

NYSE PSF traded down $0.06 during trading on Tuesday, hitting $20.28. 19,087 shares of the company’s stock traded hands, compared to its average volume of 28,166. Cohen & Steers Select Preferred and Income Fund has a 12-month low of $18.45 and a 12-month high of $21.60. The business has a 50 day moving average of $20.10 and a 200-day moving average of $20.39.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.126 per share. This represents a dividend yield of 7.73%. The ex-dividend date of this dividend was Tuesday, January 14th.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.