Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Sees Large Decline in Short Interest

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 71,600 shares, a decrease of 19.0% from the November 30th total of 88,400 shares. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter valued at about $76,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth approximately $125,000. Wilmington Savings Fund Society FSB acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the third quarter valued at approximately $326,000. Caprock Group LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the third quarter worth approximately $327,000. Finally, Prospera Financial Services Inc grew its position in Cohen & Steers Limited Duration Preferred and Income Fund by 4.4% in the third quarter. Prospera Financial Services Inc now owns 16,076 shares of the company’s stock worth $350,000 after buying an additional 676 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.4 %

Shares of Cohen & Steers Limited Duration Preferred and Income Fund stock traded down $0.08 on Monday, hitting $20.17. The company had a trading volume of 139,416 shares, compared to its average volume of 78,177. Cohen & Steers Limited Duration Preferred and Income Fund has a 52 week low of $18.45 and a 52 week high of $21.87. The business has a 50-day simple moving average of $20.97 and a 200-day simple moving average of $20.59.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.131 per share. This represents a $1.57 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Tuesday, March 11th.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.