Jefferies Financial Group Inc. Invests $439,000 in Special Opportunities Fund, Inc. (NYSE:SPE)

Jefferies Financial Group Inc. acquired a new stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Special Opportunities Fund during the 4th quarter valued at $44,000. Global Retirement Partners LLC bought a new stake in Special Opportunities Fund in the 4th quarter valued at about $45,000. K2 Principal Fund L.P. purchased a new stake in Special Opportunities Fund during the fourth quarter valued at about $146,000. Absolute Investment Advisers LLC purchased a new stake in Special Opportunities Fund during the fourth quarter valued at about $154,000. Finally, Aspiriant LLC bought a new position in Special Opportunities Fund during the fourth quarter worth about $194,000. 35.60% of the stock is owned by hedge funds and other institutional investors.

Special Opportunities Fund Price Performance

Shares of SPE traded up $0.04 during trading hours on Thursday, hitting $15.13. The company's stock had a trading volume of 2,121 shares, compared to its average volume of 49,298. The business has a 50 day simple moving average of $14.63 and a two-hundred day simple moving average of $14.96. Special Opportunities Fund, Inc. has a 52-week low of $12.65 and a 52-week high of $15.87.

Special Opportunities Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be issued a $0.1098 dividend. This represents a yield of 8.65%. The ex-dividend date of this dividend is Tuesday, May 20th.

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.