Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Down 36.1% in July

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 11,700 shares, a drop of 36.1% from the June 30th total of 18,300 shares. Based on an average daily trading volume, of 69,800 shares, the short-interest ratio is presently 0.2 days.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.1 %

Shares of NYSE LDP traded down $0.02 during mid-day trading on Friday, reaching $19.73. 86,735 shares of the company’s stock were exchanged, compared to its average volume of 81,191. The business has a fifty day simple moving average of $19.85 and a 200 day simple moving average of $19.63. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $16.42 and a twelve month high of $20.45.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $0.131 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date is Tuesday, September 10th.

Institutional Investors Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of LDP. Comerica Bank grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 2.8% in the fourth quarter. Comerica Bank now owns 62,418 shares of the company’s stock valued at $1,150,000 after purchasing an additional 1,703 shares in the last quarter. Lynx Investment Advisory bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter valued at approximately $39,000. Cerity Partners LLC grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 4.6% in the fourth quarter. Cerity Partners LLC now owns 71,160 shares of the company’s stock valued at $1,311,000 after purchasing an additional 3,160 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 0.8% in the first quarter. Chicago Partners Investment Group LLC now owns 448,777 shares of the company’s stock valued at $8,679,000 after purchasing an additional 3,352 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 12.0% in the first quarter. Oppenheimer & Co. Inc. now owns 36,429 shares of the company’s stock valued at $731,000 after purchasing an additional 3,896 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.