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) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 20,700 shares, a decline of 31.5% from the February 13th total of 30,200 shares. Based on an average trading volume of 33,300 shares, the days-to-cover ratio is presently 0.6 days.

Cohen & Steers Select Preferred and Income Fund Price Performance

Shares of NYSE:PSF traded up $0.12 on Monday, hitting $19.91. 31,017 shares of the company traded hands, compared to its average volume of 30,746. The stock has a 50 day simple moving average of $20.12 and a 200-day simple moving average of $20.38. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $18.45 and a 52 week high of $21.60.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

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

Institutional Inflows and Outflows

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