Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Stock Short Interest Falls 39.7%

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 40,492 shares, a decline of 39.7% from the August 31st total of 67,178 shares. Based on an average trading volume of 75,941 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of large investors have recently bought and sold shares of LDP. Oarsman Capital Inc. boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the 2nd quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock valued at $14,808,000 after purchasing an additional 16,581 shares during the period. Community Bank & Trust Waco Texas raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% during the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock valued at $6,243,000 after purchasing an additional 5,852 shares in the last quarter. Glaxis Capital Management LLC increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after buying an additional 57,800 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 147,592 shares of the company’s stock valued at $3,123,000 after acquiring an additional 11,035 shares in the last quarter. Finally, Rareview Capital LLC boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 9.7% during the 2nd quarter. Rareview Capital LLC now owns 145,557 shares of the company’s stock valued at $3,054,000 after purchasing an additional 12,854 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

LDP stock opened at $19.30 on Wednesday. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $18.83 and a twelve month high of $22.05. The firm has a 50 day simple moving average of $20.29 and a 200-day simple moving average of $20.56.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 8th will be paid a dividend of $0.1310 per share. The ex-dividend date is Tuesday, December 8th. This represents a $1.57 annualized dividend and a yield of 8.1%.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund seeks to provide a high level of current income while also pursuing capital appreciation through a portfolio focused on preferred securities and other income-producing investments.

The fund invests across a range of preferred stocks, corporate debt securities, and other fixed-income instruments. Its limited-duration strategy is designed to help manage sensitivity to changes in interest rates, while its portfolio may include securities issued by companies in financial services, utilities, telecommunications, real estate, and other industries.

LDP is managed by Cohen & Steers Capital Management, an investment adviser specializing in real assets and income-oriented strategies.