Short Interest in Special Opportunities Fund, Inc. (NYSE:SPE) Declines By 39.5%

Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 15,300 shares, a drop of 39.5% from the March 31st total of 25,300 shares. Based on an average daily trading volume, of 57,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company's shares are sold short.

Special Opportunities Fund Trading Up 1.0 %

SPE traded up $0.15 during trading on Friday, reaching $14.85. 45,675 shares of the company's stock were exchanged, compared to its average volume of 42,574. The firm has a fifty day moving average price of $14.65 and a two-hundred day moving average price of $14.91. Special Opportunities Fund has a one year low of $12.45 and a one year high of $15.87.

Special Opportunities Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were issued a $0.1098 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a yield of 9.35%.

Institutional Inflows and Outflows

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

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.