Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Short Interest Update

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 67,178 shares, a growth of 142.3% from the August 15th total of 27,722 shares. Based on an average daily volume of 69,743 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% in the second quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock valued at $383,000 after buying an additional 587 shares during the last quarter. Invesco Ltd. lifted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 0.9% during the 2nd quarter. Invesco Ltd. now owns 442,605 shares of the company’s stock worth $9,286,000 after buying an additional 3,997 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.5% during the 2nd quarter. Baird Financial Group Inc. now owns 142,096 shares of the company’s stock worth $2,981,000 after acquiring an additional 761 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% in the 3rd quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after acquiring an additional 670 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Shares of LDP stock traded down $0.03 on Friday, hitting $19.97. The stock had a trading volume of 78,795 shares, compared to its average volume of 66,091. The company’s 50 day moving average price is $20.69 and its 200-day moving average price is $20.70. Cohen & Steers Limited Duration Preferred and Income Fund has a 1 year low of $19.35 and a 1 year high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.131 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 8th.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.