Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Update

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 92,777 shares, a growth of 180.6% from the April 30th total of 33,061 shares. Based on an average daily volume of 126,816 shares, the days-to-cover ratio is currently 0.7 days.

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

Shares of NYSE PTA traded down $0.02 during trading hours on Friday, reaching $19.60. The stock had a trading volume of 113,180 shares, compared to its average volume of 143,321. The business’s fifty day moving average is $19.21 and its two-hundred day moving average is $19.39. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a twelve month low of $18.13 and a twelve month high of $20.92.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.134 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, June 9th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock valued at $26,000 after purchasing an additional 1,223 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $32,000. Noble Wealth Management PBC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at $41,000. Osaic Holdings Inc. raised its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% in the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock valued at $161,000 after purchasing an additional 1,404 shares in the last quarter. Finally, Equitable Holdings Inc. acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter valued at $207,000.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) is a closed-end management investment company that seeks to provide high levels of after-tax total return. The fund pursues this objective primarily through investments in tax-advantaged preferred securities and other income-oriented instruments. Listed on the New York Stock Exchange, PTA offers investors access to a diversified portfolio of income-producing assets managed by a dedicated team of fixed-income specialists.