Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Down 44.9% in January

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 37,826 shares, a decrease of 44.9% from the January 15th total of 68,711 shares. Based on an average daily volume of 79,175 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 79,175 shares, the days-to-cover ratio is currently 0.5 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 0.3%

Shares of LDP stock traded up $0.07 on Friday, hitting $21.37. The company’s stock had a trading volume of 39,603 shares, compared to its average volume of 70,443. Cohen & Steers Limited Duration Preferred and Income Fund has a fifty-two week low of $18.38 and a fifty-two week high of $22.05. The firm’s fifty day moving average price is $21.29 and its 200-day moving average price is $21.42.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.131 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter valued at approximately $34,000. Newbridge Financial Services Group Inc. bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter valued at approximately $62,000. Litman Gregory Wealth Management LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at approximately $64,000. Finally, Vermillion Wealth Management Inc. lifted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% in the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after buying an additional 1,771 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.