Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Update

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 39,609 shares, an increase of 197.3% from the August 15th total of 13,324 shares. Based on an average daily volume of 181,814 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PTA. Elevation Wealth Partners LLC bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter worth approximately $29,000. Cetera Investment Advisers lifted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 22.5% in the 1st quarter. Cetera Investment Advisers now owns 18,841 shares of the company’s stock valued at $353,000 after purchasing an additional 3,456 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at approximately $68,000. RFG Advisory LLC boosted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 17.2% in the 1st quarter. RFG Advisory LLC now owns 31,556 shares of the company’s stock worth $591,000 after purchasing an additional 4,621 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 15.6% in the 1st quarter. NewEdge Advisors LLC now owns 42,346 shares of the company’s stock worth $794,000 after purchasing an additional 5,717 shares during the period.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Down 1.0%

PTA traded down $0.17 during trading hours on Monday, hitting $17.64. The company’s stock had a trading volume of 199,675 shares, compared to its average volume of 139,850. The business’s 50-day moving average price is $18.77 and its 200-day moving average price is $19.09. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12 month low of $17.58 and a 12 month high of $20.92.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.134 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) is a closed-end management investment company that seeks to provide high levels of after-tax total return. The fund pursues this objective primarily through investments in tax-advantaged preferred securities and other income-oriented instruments. Listed on the New York Stock Exchange, PTA offers investors access to a diversified portfolio of income-producing assets managed by a dedicated team of fixed-income specialists.