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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 7,373 shares, a growth of 162.6% from the January 29th total of 2,808 shares. Based on an average daily volume of 39,148 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 39,148 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gridiron Partners LLC lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 12,990.5% during the third quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock worth $1,096,000 after purchasing an additional 5,234,520 shares during the period. Fiera Capital Corp acquired a new position in Cohen & Steers Select Preferred and Income Fund in the 3rd quarter worth approximately $1,179,000. Wolverine Asset Management LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 397.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 25,108 shares of the company’s stock worth $506,000 after buying an additional 20,065 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 18.0% during the 2nd quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock valued at $5,914,000 after acquiring an additional 44,708 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 29.6% in the 2nd quarter. Shaker Financial Services LLC now owns 87,569 shares of the company’s stock valued at $1,764,000 after acquiring an additional 20,026 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of Cohen & Steers Select Preferred and Income Fund stock opened at $20.55 on Friday. The firm’s 50 day simple moving average is $20.42 and its two-hundred day simple moving average is $20.54. Cohen & Steers Select Preferred and Income Fund has a 12-month low of $17.93 and a 12-month high of $21.20.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $0.126 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, March 10th.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.