Short Interest in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Decreases By 38.5%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 25,700 shares, a decline of 38.5% from the October 31st total of 41,800 shares. Based on an average trading volume of 110,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Several large investors have recently added to or reduced their stakes in PTA. Modera Wealth Management LLC boosted its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.2% during the third quarter. Modera Wealth Management LLC now owns 12,126 shares of the company’s stock valued at $255,000 after acquiring an additional 1,126 shares during the period. Virtu Financial LLC bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the third quarter valued at $265,000. Choreo LLC acquired a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter valued at about $344,000. Comerica Bank grew its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 22.8% during the 1st quarter. Comerica Bank now owns 20,646 shares of the company’s stock worth $405,000 after acquiring an additional 3,828 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter worth about $1,308,000.

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

PTA traded up $0.09 on Thursday, reaching $20.01. The company had a trading volume of 160,786 shares, compared to its average volume of 121,328. The company has a fifty day moving average of $20.58 and a 200-day moving average of $20.08. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a one year low of $17.48 and a one year high of $21.28.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.134 dividend. This represents a $1.61 annualized dividend and a dividend yield of 8.04%. The ex-dividend date is Tuesday, December 10th.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

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.