Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) Sees Significant Increase in Short Interest

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 31,500 shares, a growth of 16.2% from the February 13th total of 27,100 shares. Based on an average daily volume of 79,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth about $35,000. Dunhill Financial LLC raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 2,000 shares of the company’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth about $86,000. Magnus Financial Group LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth about $299,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter valued at about $326,000.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

NYSE LDP traded up $0.07 on Wednesday, hitting $20.41. The stock had a trading volume of 61,617 shares, compared to its average volume of 72,789. Cohen & Steers Limited Duration Preferred and Income Fund has a 52-week low of $18.81 and a 52-week high of $21.87. The business’s fifty day moving average price is $20.65 and its 200 day moving average price is $20.88.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a $0.131 dividend. This represents a yield of 7.83%. The ex-dividend date of this dividend was Tuesday, January 14th.

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.