Short Interest in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Grows By 215.0%

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 12,600 shares, an increase of 215.0% from the February 13th total of 4,000 shares. Based on an average daily trading volume, of 156,100 shares, the days-to-cover ratio is currently 0.1 days.

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

Several hedge funds have recently added to or reduced their stakes in PTA. Bank of America Corp DE increased its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 7.6% in the 4th quarter. Bank of America Corp DE now owns 3,642,417 shares of the company’s stock valued at $70,007,000 after acquiring an additional 257,385 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter valued at approximately $9,611,000. Logan Stone Capital LLC bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at approximately $2,339,000. Wells Fargo & Company MN raised its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10,669.0% in the fourth quarter. Wells Fargo & Company MN now owns 107,690 shares of the company’s stock worth $2,070,000 after purchasing an additional 106,690 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2.4% during the third quarter. Cerity Partners LLC now owns 106,086 shares of the company’s stock worth $2,232,000 after purchasing an additional 2,521 shares in the last quarter.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.2 %

NYSE PTA traded up $0.05 during trading hours on Friday, hitting $19.22. The company’s stock had a trading volume of 95,021 shares, compared to its average volume of 124,366. The stock has a fifty day moving average of $19.74 and a 200 day moving average of $20.10. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a twelve month low of $18.19 and a twelve month high of $21.28.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.134 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.37%.

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.