Jefferies Financial Group Inc. Acquires Shares of 30,010 Special Opportunities Fund, Inc. (NYSE:SPE)

Jefferies Financial Group Inc. purchased a new stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,010 shares of the closed-end fund's stock, valued at approximately $439,000. Jefferies Financial Group Inc. owned approximately 0.27% of Special Opportunities Fund as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Special Opportunities Fund in the 4th quarter valued at $333,000. Truist Financial Corp purchased a new position in Special Opportunities Fund during the 4th quarter valued at about $328,000. Shaker Financial Services LLC raised its position in Special Opportunities Fund by 148.0% during the 4th quarter. Shaker Financial Services LLC now owns 157,812 shares of the closed-end fund's stock valued at $2,309,000 after purchasing an additional 94,176 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Special Opportunities Fund in the 4th quarter worth approximately $453,000. Finally, CF Capital LLC purchased a new stake in Special Opportunities Fund in the 4th quarter worth approximately $402,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

Special Opportunities Fund Stock Down 0.1%

NYSE SPE traded down $0.01 during trading on Wednesday, hitting $15.12. The company had a trading volume of 26,866 shares, compared to its average volume of 42,512. Special Opportunities Fund, Inc. has a one year low of $12.72 and a one year high of $15.87. The company's fifty day moving average is $14.63 and its 200-day moving average is $14.96.

Special Opportunities Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.1098 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a dividend yield of 8.65%.

About Special Opportunities Fund

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.