Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Down 61.9% in March

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 12,000 shares, a drop of 61.9% from the February 28th total of 31,500 shares. Based on an average daily trading volume, of 75,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at about $8,092,000. Capital Investment Advisors LLC boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 261.8% in the fourth quarter. Capital Investment Advisors LLC now owns 65,786 shares of the company’s stock valued at $1,329,000 after purchasing an additional 47,601 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at approximately $481,000. Thomas J. Herzfeld Advisors Inc. increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 11.8% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 186,703 shares of the company’s stock worth $3,771,000 after buying an additional 19,743 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 3rd quarter valued at approximately $326,000.

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

Shares of LDP opened at $20.43 on Thursday. The firm has a 50-day simple moving average of $20.68 and a two-hundred day simple moving average of $20.87. Cohen & Steers Limited Duration Preferred and Income Fund has a 1-year low of $18.81 and a 1-year high of $21.87.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.131 dividend. This represents a yield of 7.83%. The ex-dividend date was Tuesday, January 14th.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.