Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Update

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 57,161 shares, a growth of 150.9% from the May 31st total of 22,779 shares. Based on an average trading volume of 62,492 shares, the days-to-cover ratio is presently 0.9 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

NYSE LDP traded up $0.20 during trading hours on Monday, hitting $21.04. 18,960 shares of the company traded hands, compared to its average volume of 67,626. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $19.35 and a twelve month high of $22.05. The business’s 50-day moving average is $20.72 and its 200-day moving average is $20.91.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.131 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

Hedge Funds Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock worth $49,049,000 after purchasing an additional 2,305,718 shares during the period. Platt Wealth Management LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth $1,762,000. Glaxis Capital Management LLC raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after acquiring an additional 57,800 shares during the period. Breachway Investments LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth approximately $1,013,000. Finally, Fifth Third Bancorp bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter worth approximately $637,000.

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.