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.
Special Opportunities Fund Stock Performance
The business has a 50 day moving average of $14.98 and a two-hundred day moving average of $14.96.
Special Opportunities Fund Dividend Announcement
The company also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a dividend of $0.1098 per share. This represents a yield of 8.65%. The ex-dividend date was Tuesday, May 20th.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC raised its stake in Special Opportunities Fund by 148.0% during the 4th quarter. Shaker Financial Services LLC now owns 157,812 shares of the closed-end fund's stock worth $2,309,000 after buying an additional 94,176 shares during the period. Advisors Asset Management Inc. bought a new stake in Special Opportunities Fund during the 1st quarter worth approximately $1,681,000. Scotia Capital Inc. increased its holdings in Special Opportunities Fund by 10.7% during the 1st quarter. Scotia Capital Inc. now owns 99,215 shares of the closed-end fund's stock worth $1,490,000 after purchasing an additional 9,583 shares in the last quarter. Independent Advisor Alliance bought a new stake in Special Opportunities Fund during the 4th quarter worth approximately $1,380,000. Finally, First Manhattan CO. LLC. increased its holdings in Special Opportunities Fund by 3.3% during the 1st quarter. First Manhattan CO. LLC. now owns 31,510 shares of the closed-end fund's stock worth $473,000 after purchasing an additional 1,010 shares in 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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