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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 75,000 shares, a decline of 19.2% from the August 31st total of 92,800 shares. Based on an average daily volume of 105,100 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter valued at approximately $1,308,000. Choreo LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter valued at approximately $344,000. Comerica Bank raised its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 22.8% during the first quarter. Comerica Bank now owns 20,646 shares of the company’s stock valued at $405,000 after acquiring an additional 3,828 shares during the period. Oppenheimer & Co. Inc. increased its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 27.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 58,671 shares of the company’s stock valued at $1,151,000 after buying an additional 12,607 shares during the period. Finally, Register Financial Advisors LLC acquired a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 1st quarter valued at approximately $166,000.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.1 %

Shares of NYSE:PTA traded up $0.03 during trading on Friday, reaching $20.97. The company had a trading volume of 98,726 shares, compared to its average volume of 122,714. The firm’s fifty day moving average is $20.25 and its 200 day moving average is $19.63. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a twelve month low of $16.48 and a twelve month high of $21.08.

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.