Shares of Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.91 and traded as high as $15.20. Special Opportunities Fund shares last traded at $15.16, with a volume of 67,995 shares trading hands.
Special Opportunities Fund Trading Up 0.6%
The stock's fifty day moving average price is $14.91 and its 200-day moving average price is $14.96.
Special Opportunities Fund Announces Dividend
The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.1098 per share. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 8.65%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC increased its stake in Special Opportunities Fund by 148.0% in the 4th quarter. Shaker Financial Services LLC now owns 157,812 shares of the closed-end fund's stock valued at $2,309,000 after buying an additional 94,176 shares during the period. Advisors Asset Management Inc. acquired a new position in Special Opportunities Fund in the 1st quarter valued at approximately $1,681,000. Scotia Capital Inc. increased its stake in Special Opportunities Fund by 10.7% in the 1st quarter. Scotia Capital Inc. now owns 99,215 shares of the closed-end fund's stock valued at $1,490,000 after buying an additional 9,583 shares during the period. Independent Advisor Alliance acquired a new position in Special Opportunities Fund in the 4th quarter valued at approximately $1,380,000. Finally, First Manhattan CO. LLC. increased 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 during the period. Institutional investors and hedge funds 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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