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

Jefferies Financial Group Inc. purchased a new position in shares of Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) in the 4th quarter, according to 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 0.27% of Special Opportunities Fund as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in Special Opportunities Fund in the fourth quarter valued at $44,000. Global Retirement Partners LLC purchased a new position in Special Opportunities Fund in the fourth quarter valued at $45,000. K2 Principal Fund L.P. purchased a new position in Special Opportunities Fund in the fourth quarter valued at $146,000. Absolute Investment Advisers LLC purchased a new position in Special Opportunities Fund in the fourth quarter valued at $154,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Special Opportunities Fund by 41.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund's stock valued at $227,000 after purchasing an additional 4,570 shares during the period. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

Special Opportunities Fund Trading Up 0.0%

NYSE:SPE traded up $0.01 during midday trading on Tuesday, reaching $15.15. The company had a trading volume of 12,194 shares, compared to its average volume of 42,388. The stock's fifty day simple moving average is $14.63 and its 200-day simple moving average is $14.96. Special Opportunities Fund, Inc. has a 12-month low of $12.72 and a 12-month high of $15.87.

Special Opportunities Fund Announces Dividend

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

Special Opportunities Fund Company Profile

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.