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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 4,300 shares, a decrease of 65.9% from the February 28th total of 12,600 shares. Based on an average trading volume of 149,300 shares, the short-interest ratio is currently 0.0 days.

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

Shares of NYSE:PTA opened at $19.46 on Thursday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $18.19 and a 1-year high of $21.28. The business’s 50 day moving average is $19.75 and its 200-day moving average is $20.04.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter valued at $9,611,000. Bank of America Corp DE lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 7.6% during the fourth quarter. Bank of America Corp DE now owns 3,642,417 shares of the company’s stock worth $70,007,000 after purchasing an additional 257,385 shares during the period. Logan Stone Capital LLC acquired a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter valued at approximately $2,339,000. Wells Fargo & Company MN grew its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10,669.0% in the 4th quarter. Wells Fargo & Company MN now owns 107,690 shares of the company’s stock valued at $2,070,000 after purchasing an additional 106,690 shares during the period. Finally, Pettinga Financial Advisors LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter worth approximately $1,524,000.

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.