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) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 12,600 shares, a growth of 215.0% from the February 13th total of 4,000 shares. Based on an average daily volume of 156,100 shares, the short-interest ratio is presently 0.1 days.

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

A number of institutional investors have recently bought and sold shares of PTA. US Bancorp DE acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $38,000. IFP Advisors Inc grew its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 141.9% in the 4th quarter. IFP Advisors Inc now owns 3,466 shares of the company’s stock valued at $67,000 after buying an additional 2,033 shares during the last quarter. Avior Wealth Management LLC bought a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter valued at about $95,000. Janney Montgomery Scott LLC bought a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter valued at about $193,000. Finally, Jane Street Group LLC acquired a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth approximately $225,000.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Down 0.4 %

Shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock traded down $0.08 during trading hours on Thursday, reaching $19.17. 56,172 shares of the company’s stock were exchanged, compared to its average volume of 124,046. The company has a 50 day moving average of $19.75 and a two-hundred day moving average of $20.11. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a fifty-two week low of $18.19 and a fifty-two week high of $21.28.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be given a $0.134 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date is Tuesday, March 11th.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.