Cohen & Steers Reit & Pfd Icm Fd Inc (NYSE:RNP) Short Interest Down 29.4% in September

Cohen & Steers Reit & Pfd Icm Fd Inc (NYSE:RNP) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 21,100 shares, a drop of 29.4% from the August 31st total of 29,900 shares. Based on an average daily volume of 135,800 shares, the days-to-cover ratio is presently 0.2 days.

Hedge funds have recently made changes to their positions in the stock. Kore Private Wealth LLC increased its position in Cohen & Steers Reit & Pfd Icm Fd by 100.0% during the second quarter. Kore Private Wealth LLC now owns 2,000 shares of the investment management company’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. Arkadios Wealth Advisors increased its position in Cohen & Steers Reit & Pfd Icm Fd by 44.1% during the first quarter. Arkadios Wealth Advisors now owns 2,450 shares of the investment management company’s stock worth $39,000 after acquiring an additional 750 shares during the period. Steward Partners Investment Advisory LLC increased its position in Cohen & Steers Reit & Pfd Icm Fd by 24.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,176 shares of the investment management company’s stock worth $195,000 after acquiring an additional 1,968 shares during the period. RMB Capital Management LLC bought a new position in Cohen & Steers Reit & Pfd Icm Fd during the second quarter worth $237,000. Finally, Advisory Services Network LLC increased its position in Cohen & Steers Reit & Pfd Icm Fd by 63.1% during the second quarter. Advisory Services Network LLC now owns 14,713 shares of the investment management company’s stock worth $281,000 after acquiring an additional 5,693 shares during the period.

Shares of NYSE:RNP traded up $0.23 during trading on Thursday, reaching $20.42. The stock had a trading volume of 13,947 shares, compared to its average volume of 205,407. Cohen & Steers Reit & Pfd Icm Fd has a 52 week low of $10.15 and a 52 week high of $25.35. The stock has a fifty day simple moving average of $19.97 and a two-hundred day simple moving average of $18.54.

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a dividend of $0.124 per share. This represents a $1.49 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date is Tuesday, October 13th.

About Cohen & Steers Reit & Pfd Icm Fd

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.

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