Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Sees Large Growth in Short Interest

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 57,067 shares, an increase of 277.4% from the October 15th total of 15,121 shares. Based on an average daily trading volume, of 291,659 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.7% during the third quarter. Commonwealth Equity Services LLC now owns 11,874 shares of the company’s stock worth $206,000 after purchasing an additional 1,152 shares during the period. Fifth Third Bancorp acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 1st quarter valued at $1,323,000. NewEdge Advisors LLC boosted its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 15.6% during the first quarter. NewEdge Advisors LLC now owns 42,346 shares of the company’s stock worth $794,000 after buying an additional 5,717 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth about $29,000. Finally, First Trust Advisors LP grew its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 21.1% in the third quarter. First Trust Advisors LP now owns 82,918 shares of the company’s stock valued at $1,442,000 after purchasing an additional 14,438 shares during the period.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Performance

Shares of PTA stock traded down $0.24 during trading hours on Thursday, reaching $16.80. 216,871 shares of the company’s stock were exchanged, compared to its average volume of 173,951. The stock’s 50 day moving average is $17.37 and its 200-day moving average is $18.75. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a fifty-two week low of $16.66 and a fifty-two week high of $19.92.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Inc. is a closed-end investment fund managed by Cohen & Steers. It seeks to provide high current income, with capital appreciation as a secondary objective. The fund invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the United States and other countries. Its tax-advantaged approach focuses on income-generating investments, though the tax treatment of distributions can vary.