Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 15,300 shares, a decrease of 39.5% from the March 31st total of 25,300 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily volume of 57,900 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of Special Opportunities Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Special Opportunities Fund in the 4th quarter valued at $44,000. Global Retirement Partners LLC acquired a new stake in Special Opportunities Fund during the fourth quarter worth approximately $45,000. K2 Principal Fund L.P. bought a new stake in Special Opportunities Fund during the fourth quarter worth about $146,000. Absolute Investment Advisers LLC acquired a new stake in shares of Special Opportunities Fund during the 4th quarter worth approximately $154,000. Finally, Aspiriant LLC acquired a new position in shares of Special Opportunities Fund during the 4th quarter worth $194,000. 35.60% of the stock is owned by institutional investors.
Special Opportunities Fund Stock Up 1.9 %
Shares of SPE stock traded up $0.28 on Tuesday, hitting $14.74. 15,562 shares of the stock were exchanged, compared to its average volume of 41,899. Special Opportunities Fund has a fifty-two week low of $12.20 and a fifty-two week high of $15.87. The business has a 50-day moving average of $14.71 and a 200 day moving average of $14.90.
Special Opportunities Fund Announces Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.1098 per share. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 9.35%.
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.
Further Reading
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