Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Sees Significant Decline in Short Interest

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 22,779 shares, a drop of 50.4% from the May 14th total of 45,885 shares. Based on an average trading volume of 89,940 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares during the period. Global Retirement Partners LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter worth approximately $34,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at $64,000. Smith Asset Management Co. LLC raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% during the 4th quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock valued at $249,000 after purchasing an additional 1,614 shares during the period. Finally, Creative Planning raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% during the 3rd quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after purchasing an additional 670 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 0.8%

LDP traded up $0.17 during trading on Monday, hitting $20.78. The company’s stock had a trading volume of 42,416 shares, compared to its average volume of 69,832. Cohen & Steers Limited Duration Preferred and Income Fund has a one year low of $19.35 and a one year high of $22.05. The business’s 50 day simple moving average is $20.70 and its 200-day simple moving average is $20.94.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.131 dividend. The ex-dividend date is Tuesday, June 9th. This represents a c) annualized dividend and a yield of 7.6%.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.