Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Update

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 4,000 shares, a drop of 68.8% from the January 31st total of 12,800 shares. Based on an average trading volume of 164,800 shares, the days-to-cover ratio is currently 0.0 days.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock remained flat at $19.88 during mid-day trading on Friday. The company’s stock had a trading volume of 101,080 shares, compared to its average volume of 124,906. 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 firm’s 50-day moving average is $19.65 and its two-hundred day moving average is $20.13.

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

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be issued a dividend of $0.134 per share. This represents a $1.61 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date of this dividend is Tuesday, March 11th.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter worth about $38,000. IFP Advisors Inc raised its holdings 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 worth $67,000 after purchasing an additional 2,033 shares during the period. Avior Wealth Management LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth approximately $95,000. Janney Montgomery Scott LLC acquired a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at approximately $193,000. Finally, Jane Street Group LLC purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at approximately $225,000.

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.