Short Interest in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Decreases By 68.8%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a large 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 Price Performance

Shares of PTA traded up $0.01 during mid-day trading on Friday, hitting $19.89. 106,595 shares of the company’s stock were exchanged, compared to its average volume of 125,479. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 52 week low of $18.19 and a 52 week high of $21.28. The company has a 50-day simple moving average of $19.67 and a 200 day simple moving average of $20.13.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.134 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.61 annualized dividend and a dividend yield of 8.08%.

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

Hedge funds have recently made changes to their positions in the business. US Bancorp DE bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter worth approximately $38,000. IFP Advisors Inc grew its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 141.9% in the fourth 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 in the last quarter. Avior Wealth Management LLC bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $95,000. Janney Montgomery Scott LLC bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $193,000. Finally, Jane Street Group LLC bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $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.