Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Sees Significant Decline in Short Interest

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 4,000 shares, a decrease of 68.8% from the January 31st total of 12,800 shares. Based on an average daily volume of 164,800 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter valued at $961,000. Pettinga Financial Advisors LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at about $1,524,000. Logan Stone Capital LLC purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter worth about $2,339,000. Bank of America Corp DE lifted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 7.6% during the fourth quarter. Bank of America Corp DE now owns 3,642,417 shares of the company’s stock worth $70,007,000 after purchasing an additional 257,385 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth about $225,000.

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

Shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock remained flat at $19.88 during midday trading on Friday. 101,080 shares of the company traded hands, compared to its average volume of 124,906. The business has a 50-day moving average price of $19.65 and a two-hundred day moving average price of $20.13. 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.

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

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

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.