Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Short Interest Update

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,727 shares, a drop of 56.5% from the May 31st total of 31,580 shares. Based on an average trading volume of 40,059 shares, the days-to-cover ratio is presently 0.3 days.

Cohen & Steers Select Preferred and Income Fund Trading Up 0.7%

Shares of NYSE PSF traded up $0.14 during mid-day trading on Tuesday, reaching $20.14. 63,419 shares of the company were exchanged, compared to its average volume of 41,735. Cohen & Steers Select Preferred and Income Fund has a 1 year low of $18.95 and a 1 year high of $21.20. The firm has a 50-day moving average of $19.71 and a 200 day moving average of $19.99.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.126 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

A number of institutional investors have recently modified their holdings of PSF. Royal Bank of Canada lifted its position in Cohen & Steers Select Preferred and Income Fund by 12.6% during the first quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock valued at $1,409,000 after acquiring an additional 7,895 shares during the last quarter. Invesco Ltd. grew its holdings in Cohen & Steers Select Preferred and Income Fund by 9.1% in the second quarter. Invesco Ltd. now owns 190,660 shares of the company’s stock worth $3,840,000 after purchasing an additional 15,851 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Cohen & Steers Select Preferred and Income Fund by 1.8% in the second quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock worth $2,952,000 after purchasing an additional 2,591 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% during the second quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock worth $896,000 after purchasing an additional 1,094 shares in the last quarter. Finally, US Bancorp DE grew its stake in Cohen & Steers Select Preferred and Income Fund by 159.0% during the 3rd quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after buying an additional 4,911 shares during the last quarter.

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.