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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 40,492 shares, a decrease of 39.7% from the August 31st total of 67,178 shares. Based on an average daily volume of 75,941 shares, the short-interest ratio is currently 0.5 days.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.3%

LDP traded up $0.06 on Thursday, reaching $19.40. 92,756 shares of the company traded hands, compared to its average volume of 68,945. Cohen & Steers Limited Duration Preferred and Income Fund has a one year low of $18.83 and a one year high of $22.05. The firm has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $20.55.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be given a dividend of $0.1310 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 8.1%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter worth approximately $67,000. Northwestern Mutual Wealth Management Co. increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 18.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,373 shares of the company’s stock worth $219,000 after purchasing an additional 1,631 shares during the period. Smith Asset Management Co. LLC raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% during the 4th quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock valued at $249,000 after purchasing an additional 1,614 shares in the last quarter. Cetera Investment Advisers raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 29.0% during the 1st quarter. Cetera Investment Advisers now owns 25,694 shares of the company’s stock valued at $513,000 after purchasing an additional 5,781 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter valued at $533,000.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund seeks to provide a high level of current income while also pursuing capital appreciation through a portfolio focused on preferred securities and other income-producing investments.

The fund invests across a range of preferred stocks, corporate debt securities, and other fixed-income instruments. Its limited-duration strategy is designed to help manage sensitivity to changes in interest rates, while its portfolio may include securities issued by companies in financial services, utilities, telecommunications, real estate, and other industries.

LDP is managed by Cohen & Steers Capital Management, an investment adviser specializing in real assets and income-oriented strategies.