Short Interest in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Decreases By 31.5%

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 20,700 shares, a drop of 31.5% from the February 13th total of 30,200 shares. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is currently 0.6 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

PSF opened at $19.91 on Tuesday. The stock has a fifty day moving average of $20.12 and a 200-day moving average of $20.38. Cohen & Steers Select Preferred and Income Fund has a fifty-two week low of $18.45 and a fifty-two week high of $21.60.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $0.126 dividend. This represents a yield of 7.73%. The ex-dividend date of this dividend was Tuesday, January 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its stake in Cohen & Steers Select Preferred and Income Fund by 35.9% in the fourth quarter. Comerica Bank now owns 4,679 shares of the company’s stock valued at $93,000 after purchasing an additional 1,235 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at about $99,000. Walleye Capital LLC acquired a new position in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at about $206,000. Noble Wealth Management PBC acquired a new position in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at about $255,000. Finally, Wolverine Asset Management LLC acquired a new position in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at about $283,000.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.