Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) announced a monthly dividend on Thursday, October 2nd. Stockholders of record on Tuesday, December 16th will be paid a dividend of 0.1098 per share by the closed-end fund on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, December 16th.
Special Opportunities Fund Price Performance
Shares of NYSE:SPE opened at $15.58 on Friday. The business's 50 day simple moving average is $15.55 and its 200-day simple moving average is $15.16. Special Opportunities Fund has a 12 month low of $12.72 and a 12 month high of $15.98.
Institutional Investors Weigh In On Special Opportunities Fund
Institutional investors have recently modified their holdings of the company. Shaker Financial Services LLC lifted its stake in Special Opportunities Fund by 246.0% in the 2nd quarter. Shaker Financial Services LLC now owns 266,728 shares of the closed-end fund's stock valued at $4,132,000 after buying an additional 189,630 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Special Opportunities Fund by 2.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 114,199 shares of the closed-end fund's stock valued at $1,769,000 after buying an additional 2,294 shares in the last quarter. Scotia Capital Inc. lifted its stake in Special Opportunities Fund by 6.6% in the 2nd quarter. Scotia Capital Inc. now owns 105,746 shares of the closed-end fund's stock valued at $1,638,000 after buying an additional 6,531 shares in the last quarter. First Manhattan CO. LLC. lifted its stake in Special Opportunities Fund by 3.3% in the 1st quarter. First Manhattan CO. LLC. now owns 31,510 shares of the closed-end fund's stock valued at $473,000 after buying an additional 1,010 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Special Opportunities Fund by 7.2% in the 2nd quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund's stock valued at $483,000 after buying an additional 2,082 shares in the last quarter. Hedge funds and other institutional investors own 35.60% of the company's stock.
About Special Opportunities Fund
(
Get Free Report)
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.
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