Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 155,400 shares, an increase of 115.8% from the August 15th total of 72,000 shares. Based on an average daily volume of 95,500 shares, the short-interest ratio is presently 1.6 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of RNP stock traded up $0.13 during trading hours on Friday, hitting $23.81. 65,706 shares of the company were exchanged, compared to its average volume of 104,706. The company has a 50 day simple moving average of $22.25 and a two-hundred day simple moving average of $20.95. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $15.52 and a fifty-two week high of $23.98.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date is Tuesday, September 10th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairman Group LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $45,000. EverSource Wealth Advisors LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the second quarter worth approximately $61,000. Parallel Advisors LLC grew its stake in Cohen & Steers REIT and Preferred Income Fund by 133,333.3% in the fourth quarter. Parallel Advisors LLC now owns 4,003 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 4,000 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 144,589 shares of the investment management company’s stock valued at $2,945,000 after acquiring an additional 6,391 shares in the last quarter. Finally, XML Financial LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the second quarter worth approximately $230,000.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.