Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Update

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 9,796 shares, a decrease of 89.6% from the June 15th total of 94,406 shares. Based on an average daily trading volume, of 112,030 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock worth $26,000 after purchasing an additional 1,223 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth about $32,000. Noble Wealth Management PBC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $41,000. Finally, Osaic Holdings Inc. increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock valued at $161,000 after purchasing an additional 1,404 shares during the last quarter.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.3%

NYSE PTA traded up $0.05 during midday trading on Friday, hitting $19.42. 85,208 shares of the company traded hands, compared to its average volume of 137,882. The company’s 50-day simple moving average is $19.38 and its 200-day simple moving average is $19.37. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 52 week low of $18.13 and a 52 week high of $20.92.

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

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.134 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

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.