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) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 41,800 shares, a drop of 56.5% from the October 15th total of 96,100 shares. Based on an average trading volume of 101,900 shares, the days-to-cover ratio is presently 0.4 days.

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

PTA traded down $0.14 during trading on Wednesday, hitting $19.93. The stock had a trading volume of 112,175 shares, compared to its average volume of 119,495. The company has a 50 day simple moving average of $20.66 and a 200-day simple moving average of $20.02. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12 month low of $17.20 and a 12 month 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 Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.134 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend is Tuesday, December 10th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2.4% during the third quarter. Cerity Partners LLC now owns 106,086 shares of the company’s stock worth $2,232,000 after buying an additional 2,521 shares during the period. Modera Wealth Management LLC raised its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.2% in the third quarter. Modera Wealth Management LLC now owns 12,126 shares of the company’s stock worth $255,000 after buying an additional 1,126 shares in the last quarter. Raymond James & Associates lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2,830.9% during the third quarter. Raymond James & Associates now owns 388,348 shares of the company’s stock worth $8,171,000 after purchasing an additional 375,098 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter valued at about $1,308,000. Finally, Choreo LLC purchased a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter worth about $344,000.

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

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.