Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Up 81.8% in August

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 31,973 shares, a growth of 81.8% from the August 15th total of 17,584 shares. Based on an average trading volume of 34,546 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 1.6% during the first quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock worth $742,000 after purchasing an additional 600 shares during the last quarter. Truist Financial Corp increased its holdings in Cohen & Steers Select Preferred and Income Fund by 2.1% in the fourth quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock valued at $672,000 after buying an additional 686 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Cohen & Steers Select Preferred and Income Fund in the second quarter valued at about $27,000. WealthBridge Capital Management LLC raised its stake in Cohen & Steers Select Preferred and Income Fund by 6.8% during the first quarter. WealthBridge Capital Management LLC now owns 27,269 shares of the company’s stock valued at $529,000 after buying an additional 1,728 shares in the last quarter. Finally, Noble Wealth Management PBC raised its stake in Cohen & Steers Select Preferred and Income Fund by 16.4% during the second quarter. Noble Wealth Management PBC now owns 20,055 shares of the company’s stock valued at $404,000 after buying an additional 2,825 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.8%

Cohen & Steers Select Preferred and Income Fund stock traded up $0.14 during trading on Wednesday, reaching $18.67. 15,791 shares of the company’s stock were exchanged, compared to its average volume of 39,556. Cohen & Steers Select Preferred and Income Fund has a 52-week low of $18.50 and a 52-week high of $21.20. The company’s 50-day moving average is $19.49 and its two-hundred day moving average is $19.65.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.126 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 8th.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.