Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) Sees Significant Increase in Short Interest

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 110,402 shares, an increase of 224.4% from the October 15th total of 34,029 shares. Based on an average daily trading volume, of 77,488 shares, the short-interest ratio is currently 1.4 days.

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

Several large investors have recently added to or reduced their stakes in PSF. Pettinga Financial Advisors LLC increased its holdings in Cohen & Steers Select Preferred and Income Fund by 101.2% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after purchasing an additional 40,612 shares in the last quarter. Glaxis Capital Management LLC lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 10.0% in the third quarter. Glaxis Capital Management LLC now owns 55,000 shares of the company’s stock valued at $998,000 after purchasing an additional 5,000 shares in the last quarter. WealthBridge Capital Management LLC lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 2.6% in the third quarter. WealthBridge Capital Management LLC now owns 27,969 shares of the company’s stock valued at $507,000 after purchasing an additional 700 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Cohen & Steers Select Preferred and Income Fund in the second quarter valued at approximately $27,000. Finally, Royal Bank of Canada lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 25.1% in the first quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock valued at $1,449,000 after purchasing an additional 15,019 shares in the last quarter.

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

Shares of NYSE PSF traded up $0.12 during mid-day trading on Friday, reaching $18.49. 40,324 shares of the company’s stock traded hands, compared to its average volume of 45,886. The business has a 50-day simple moving average of $18.48 and a 200 day simple moving average of $19.48. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $17.80 and a 1-year high of $20.67.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company advised by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. PSF invests primarily in preferred securities, including preferred stocks and other securities with income-oriented characteristics. The portfolio may also include income-producing securities issued by companies and financial institutions, as well as securities issued by entities outside the United States.