Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Sees Large Increase in Short Interest

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 92,777 shares, a growth of 180.6% from the April 30th total of 33,061 shares. Based on an average daily volume of 126,816 shares, the short-interest ratio is presently 0.7 days.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.1%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock opened at $19.60 on Monday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12-month low of $18.13 and a 12-month high of $20.92. The firm’s 50-day moving average is $19.21 and its two-hundred day moving average is $19.39.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.134 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, June 9th.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock worth $26,000 after acquiring an additional 1,223 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter worth approximately $32,000. Noble Wealth Management PBC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter worth approximately $41,000. Osaic Holdings Inc. boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% in the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock worth $161,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Equitable Holdings Inc. acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter worth approximately $207,000.

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

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) is a closed-end management investment company that seeks to provide high levels of after-tax total return. The fund pursues this objective primarily through investments in tax-advantaged preferred securities and other income-oriented instruments. Listed on the New York Stock Exchange, PTA offers investors access to a diversified portfolio of income-producing assets managed by a dedicated team of fixed-income specialists.