Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Sees Significant Decrease in Short Interest

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 18,600 shares, a drop of 68.2% from the November 15th total of 58,500 shares. Based on an average daily trading volume, of 99,800 shares, the short-interest ratio is currently 0.2 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of NYSE RNP traded down $0.13 during mid-day trading on Thursday, reaching $21.89. 115,230 shares of the company were exchanged, compared to its average volume of 103,858. The company’s 50-day simple moving average is $23.02 and its 200-day simple moving average is $22.20. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.63 annualized dividend and a yield of 7.46%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RNP. Cetera Investment Advisers acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the first quarter valued at approximately $1,710,000. Investment Planning Advisors Inc. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at about $928,000. XML Financial LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at about $230,000. Secure Asset Management LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the second quarter worth about $351,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 144,589 shares of the investment management company’s stock worth $2,945,000 after acquiring an additional 6,391 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.