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

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

Cohen & Steers Select Preferred and Income Fund Stock Up 0.1 %

Shares of PSF stock opened at $19.79 on Friday. The business’s fifty day moving average price is $20.12 and its 200 day moving average price is $20.38. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.45 and a 1-year high of $21.60.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PSF. Baldwin Wealth Partners LLC MA grew its holdings in Cohen & Steers Select Preferred and Income Fund by 14.3% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 171,734 shares of the company’s stock valued at $3,395,000 after purchasing an additional 21,420 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Cohen & Steers Select Preferred and Income Fund by 13.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 81,673 shares of the company’s stock worth $1,615,000 after buying an additional 9,796 shares during the period. WealthBridge Capital Management LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 4.8% in the 4th quarter. WealthBridge Capital Management LLC now owns 27,110 shares of the company’s stock worth $536,000 after purchasing an additional 1,250 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Cohen & Steers Select Preferred and Income Fund in the 4th quarter worth about $283,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Cohen & Steers Select Preferred and Income Fund in the 4th quarter worth about $255,000.

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.