Short Interest in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Declines By 50.4%

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 22,779 shares, a drop of 50.4% from the May 14th total of 45,885 shares. Based on an average daily trading volume, of 89,940 shares, the days-to-cover ratio is currently 0.3 days.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

LDP opened at $20.62 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund has a 52-week low of $19.35 and a 52-week high of $22.05. The company’s 50-day simple moving average is $20.69 and its two-hundred day simple moving average is $20.95.

Cohen & Steers Limited Duration Preferred 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 dividend of $0.131 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LDP. Cetera Investment Advisers raised its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% during the second quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock valued at $383,000 after acquiring an additional 587 shares during the period. Oder Investment Management LLC boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.8% in the first quarter. Oder Investment Management LLC now owns 74,570 shares of the company’s stock worth $1,489,000 after acquiring an additional 601 shares during the period. MAI Capital Management grew its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1.1% during the third quarter. MAI Capital Management now owns 58,194 shares of the company’s stock worth $1,261,000 after purchasing an additional 631 shares in the last quarter. WJ Financial Advisors LLC raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 1.2% during the 4th quarter. WJ Financial Advisors LLC now owns 53,364 shares of the company’s stock valued at $1,130,000 after purchasing an additional 650 shares during the period. Finally, Creative Planning raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% during the 3rd quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after purchasing an additional 670 shares during the period.

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.