Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Shares Shorted: Short Interest Down 62.3% in October

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 15,121 shares, a decline of 62.3% from the September 30th total of 40,159 shares. Based on an average daily trading volume, of 316,096 shares, the short-interest ratio is currently 0.0 days.

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

NYSE PTA opened at $17.05 on Thursday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 52-week low of $16.66 and a 52-week high of $20.15. The company has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $18.87.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Choreo LLC lifted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 8.4% in the third quarter. Choreo LLC now owns 14,205 shares of the company’s stock worth $247,000 after buying an additional 1,104 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 28.9% during the 2nd quarter. RFG Advisory LLC now owns 40,673 shares of the company’s stock valued at $780,000 after acquiring an additional 9,117 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter valued at about $335,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at approximately $68,000. Finally, Pettinga Financial Advisors LLC boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 61.0% during the second quarter. Pettinga Financial Advisors LLC now owns 85,599 shares of the company’s stock worth $1,642,000 after purchasing an additional 32,435 shares during the period.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PTA. The fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets and income-oriented strategies.

The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. It invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the financial services, utilities, telecommunications and other sectors.

PTA may invest in securities issued by companies in the United States and other countries, providing exposure to domestic and international income markets.