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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 25,700 shares, a decrease of 38.5% from the October 31st total of 41,800 shares. Based on an average daily volume of 110,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On 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 stock. Raymond James & Associates grew its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2,830.9% in the 3rd quarter. Raymond James & Associates now owns 388,348 shares of the company’s stock valued at $8,171,000 after acquiring an additional 375,098 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in 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 in the second quarter worth $344,000. Virtu Financial LLC purchased a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 3rd quarter worth $265,000. Finally, Comerica Bank raised its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 22.8% in the first quarter. Comerica Bank now owns 20,646 shares of the company’s stock valued at $405,000 after purchasing an additional 3,828 shares during the period.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.5 %

PTA traded up $0.09 on Thursday, hitting $20.01. The company had a trading volume of 160,786 shares, compared to its average volume of 121,328. The company’s fifty day moving average price is $20.58 and its 200 day moving average price is $20.08. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1 year low of $17.48 and a 1 year high of $21.28.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.134 per share. This represents a $1.61 annualized dividend and a yield of 8.04%. The ex-dividend date is Tuesday, December 10th.

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.