Special Opportunities Fund, Inc. (NYSE:SPE) Short Interest Up 7,601.6% in March

Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 993,500 shares, an increase of 7,601.6% from the March 15th total of 12,900 shares. Based on an average trading volume of 2,490,200 shares, the short-interest ratio is presently 0.4 days.

Special Opportunities Fund Trading Down 0.6 %

Shares of NYSE:SPE traded down $0.07 on Wednesday, hitting $12.57. 39,830 shares of the company were exchanged, compared to its average volume of 25,116. Special Opportunities Fund has a 1-year low of $10.26 and a 1-year high of $12.73. The stock's 50 day moving average price is $12.36 and its 200 day moving average price is $11.68.

Special Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a dividend of $0.0954 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.14 annualized dividend and a dividend yield of 9.11%.

Institutional Investors Weigh In On Special Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Special Opportunities Fund during the fourth quarter worth $26,000. NewEdge Advisors LLC purchased a new position in shares of Special Opportunities Fund during the second quarter worth $145,000. Bank of Montreal Can purchased a new position in shares of Special Opportunities Fund during the first quarter worth $202,000. Susquehanna International Group LLP purchased a new position in shares of Special Opportunities Fund during the fourth quarter worth $157,000. Finally, Private Advisor Group LLC purchased a new position in shares of Special Opportunities Fund during the first quarter worth $158,000. 35.60% of the stock is currently owned by institutional investors and hedge funds.

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.