Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Short Interest Up 197.3% in August

by · The Cerbat Gem

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 39,609 shares, an increase of 197.3% from the August 15th total of 13,324 shares. Based on an average daily trading volume, of 181,814 shares, the short-interest ratio is currently 0.2 days.

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

PTA opened at $17.64 on Tuesday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $17.58 and a 1-year high of $20.92. The firm has a 50-day moving average price of $18.73 and a two-hundred day moving average price of $19.07.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.134 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PTA. Elevation Wealth Partners LLC acquired a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter worth $68,000. Closed End Fund Advisors Inc. bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth $225,000. COFG Advisors LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter valued at $236,000. Finally, HighTower Advisors LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the second quarter valued at $335,000.

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

(Get Free Report)

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.

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