Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Sees Large Growth in Short Interest

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 12,600 shares, an increase of 215.0% from the February 13th total of 4,000 shares. Based on an average daily volume of 156,100 shares, the days-to-cover ratio is presently 0.1 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

Shares of PTA stock opened at $19.22 on Friday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a one year low of $18.19 and a one year high of $21.28. The company’s 50-day moving average is $19.74 and its 200 day moving average is $20.10.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.134 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date is Tuesday, March 11th.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter valued at $38,000. IFP Advisors Inc boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 141.9% during the fourth quarter. IFP Advisors Inc now owns 3,466 shares of the company’s stock valued at $67,000 after buying an additional 2,033 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter valued at $95,000. Janney Montgomery Scott LLC bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter worth about $193,000. Finally, Jane Street Group LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter worth about $225,000.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.