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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDPGet Rating) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 8,400 shares, a decline of 64.4% from the April 30th total of 23,600 shares. Based on an average daily trading volume, of 72,700 shares, the short-interest ratio is currently 0.1 days.

A number of hedge funds and other institutional investors have recently modified their holdings of LDP. Lindbrook Capital LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth approximately $53,000. Rockefeller Capital Management L.P. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 9.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 13,360 shares of the company’s stock worth $364,000 after purchasing an additional 1,116 shares in the last quarter. Oder Investment Management LLC grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 32.9% during the 4th quarter. Oder Investment Management LLC now owns 15,929 shares of the company’s stock worth $422,000 after purchasing an additional 3,943 shares in the last quarter. Morgan Stanley grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.5% during the 3rd quarter. Morgan Stanley now owns 1,184,523 shares of the company’s stock worth $32,314,000 after purchasing an additional 40,168 shares in the last quarter. Finally, BerganKDV Wealth Management LLC grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 23.3% during the 1st quarter. BerganKDV Wealth Management LLC now owns 29,868 shares of the company’s stock worth $685,000 after purchasing an additional 5,644 shares in the last quarter.

Shares of NYSE LDP opened at $20.65 on Thursday. The business’s 50 day moving average is $21.58 and its two-hundred day moving average is $23.85. Cohen & Steers Limited Duration Preferred and Income Fund has a 12 month low of $20.09 and a 12 month high of $27.75.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend is Tuesday, June 14th.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile (Get Rating)

Cohen & Steers Limited Duration Preferred and Income Fund, Inc is a closed-ended fixed income fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets across the globe. The fund uses derivatives like interest rate swaps to make its investments.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for Cohen & Steers Limited Duration Preferred and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers Limited Duration Preferred and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.