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 target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 71,600 shares, a decrease of 19.0% from the November 30th total of 88,400 shares. Based on an average daily volume of 71,300 shares, the short-interest ratio is presently 1.0 days.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Shares of NYSE:LDP traded up $0.03 during midday trading 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 twelve month low of $18.45 and a twelve month high of $21.87. The business’s 50-day simple moving average is $20.95 and its 200-day simple moving average is $20.59.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend yield of 7.78%. The ex-dividend date is Tuesday, March 11th.

Institutional Inflows and Outflows

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

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.