Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 7,600 shares, a decrease of 35.6% from the April 30th total of 11,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 44,500 shares, the days-to-cover ratio is currently 0.2 days.
Special Opportunities Fund Price Performance
NYSE SPE traded down $0.03 on Monday, reaching $15.13. The company's stock had a trading volume of 17,381 shares, compared to its average volume of 42,456. Special Opportunities Fund has a twelve month low of $12.72 and a twelve month high of $15.87. The firm's 50 day moving average is $14.63 and its two-hundred day moving average is $14.96.
Special Opportunities Fund Dividend Announcement
The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.1098 dividend. This represents a yield of 8.65%. The ex-dividend date was Tuesday, May 20th.
Institutional Investors Weigh In On Special Opportunities Fund
A number of institutional investors and hedge funds have recently bought and sold shares of SPE. Quarry LP acquired a new position in shares of Special Opportunities Fund in the 4th quarter valued at $44,000. Global Retirement Partners LLC purchased a new stake in shares of Special Opportunities Fund in the fourth quarter worth approximately $45,000. K2 Principal Fund L.P. acquired a new stake in shares of Special Opportunities Fund during the 4th quarter valued at about $146,000. Absolute Investment Advisers LLC acquired a new stake in shares of Special Opportunities Fund during the 4th quarter valued at about $154,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Special Opportunities Fund by 41.7% during the 4th 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 buying an additional 4,570 shares during the last quarter. 35.60% of the stock is owned by institutional investors and hedge funds.
Special Opportunities Fund Company Profile
(
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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