Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.79 and traded as high as $15.29. Special Opportunities Fund shares last traded at $15.28, with a volume of 35,420 shares trading hands.
Special Opportunities Fund Stock Performance
The company has a 50 day simple moving average of $14.85 and a 200 day simple moving average of $14.97.
Special Opportunities Fund Announces Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were given a dividend of $0.1098 per share. This represents a yield of 8.65%. The ex-dividend date of this dividend was Tuesday, May 20th.
Hedge Funds Weigh In On Special Opportunities Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in SPE. Quarry LP bought a new stake in shares of Special Opportunities Fund during the fourth quarter worth $44,000. Global Retirement Partners LLC acquired a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $45,000. K2 Principal Fund L.P. bought a new stake in Special Opportunities Fund during the 4th quarter worth $146,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Special Opportunities Fund by 41.7% in 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 worth $227,000 after purchasing an additional 4,570 shares in the last quarter. Finally, NBC Securities Inc. raised its position in Special Opportunities Fund by 106,333.3% in the first quarter. NBC Securities Inc. now owns 15,965 shares of the closed-end fund's stock valued at $239,000 after purchasing an additional 15,950 shares during the last quarter. Institutional investors own 35.60% of the company's stock.
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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