Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Up 92.7% in July

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 89,026 shares, a growth of 92.7% from the June 30th total of 46,205 shares. Based on an average daily trading volume, of 49,353 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LDP. Northwestern Mutual Wealth Management Co. raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% during the 4th 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 last quarter. Invesco Ltd. grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 2.1% during the 3rd quarter. Invesco Ltd. now owns 451,782 shares of the company’s stock valued at $9,790,000 after buying an additional 9,177 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 3.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 448,940 shares of the company’s stock valued at $9,562,000 after buying an additional 15,767 shares during the last quarter. Glaxis Capital Management LLC increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock worth $4,907,000 after buying an additional 57,800 shares in the last quarter. Finally, LPL Financial LLC increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 5.7% during the fourth quarter. LPL Financial LLC now owns 147,190 shares of the company’s stock worth $3,116,000 after buying an additional 7,872 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Shares of NYSE LDP opened at $20.40 on Thursday. The company’s 50-day moving average price is $20.83 and its 200 day moving average price is $20.87. Cohen & Steers Limited Duration Preferred and Income Fund has a 52 week low of $19.35 and a 52 week high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a $0.131 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.