Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Down 12.6% in January

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 7,600 shares, a drop of 12.6% from the December 31st total of 8,700 shares. Based on an average daily volume of 158,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Several institutional investors have recently made changes to their positions in the stock. Journey Strategic Wealth LLC boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 11.9% in the fourth quarter. Journey Strategic Wealth LLC now owns 13,150 shares of the company’s stock valued at $253,000 after acquiring an additional 1,400 shares during the period. RFG Advisory LLC lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 38.2% in the 4th quarter. RFG Advisory LLC now owns 21,395 shares of the company’s stock worth $411,000 after purchasing an additional 5,917 shares in the last quarter. Avior Wealth Management LLC bought a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter valued at $95,000. Janney Montgomery Scott LLC purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter valued at $193,000. Finally, Sanctuary Advisors LLC grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 74,772 shares of the company’s stock valued at $1,495,000 after purchasing an additional 4,000 shares in the last quarter.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.4 %

PTA opened at $19.99 on Friday. The firm has a 50-day moving average price of $19.65 and a 200-day moving average price of $20.12. 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 firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.134 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.61 dividend on an annualized basis and a yield of 8.05%.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

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.