Short Interest in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Decreases By 19.0%

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 71,600 shares, a drop of 19.0% from the November 30th total of 88,400 shares. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

Several large investors have recently bought and sold shares of LDP. Raymond James & Associates boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1,096.5% in the third quarter. Raymond James & Associates now owns 373,297 shares of the company’s stock worth $8,119,000 after acquiring an additional 342,097 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter valued at $6,994,000. Synovus Financial Corp boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 0.4% during the 3rd quarter. Synovus Financial Corp now owns 164,008 shares of the company’s stock worth $3,567,000 after purchasing an additional 590 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 154,351 shares of the company’s stock worth $3,072,000 after buying an additional 16,964 shares in the last quarter. Finally, Glaxis Capital Management LLC raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 13.3% in the third quarter. Glaxis Capital Management LLC now owns 128,000 shares of the company’s stock valued at $2,784,000 after buying an additional 15,000 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

NYSE LDP traded up $0.03 on Tuesday, hitting $20.20. The company had a trading volume of 262,465 shares, compared to its average volume of 78,908. Cohen & Steers Limited Duration Preferred and Income Fund has a 12-month low of $18.45 and a 12-month high of $21.87. The company’s fifty day moving average price is $20.95 and its 200-day moving average price is $20.59.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a $0.131 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Tuesday, March 11th.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.