Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.98 and traded as low as $13.30. Special Opportunities Fund shares last traded at $13.33, with a volume of 21,218 shares changing hands.
Special Opportunities Fund Stock Down 0.1%
The business has a fifty day moving average of $13.43 and a 200 day moving average of $13.98.
Special Opportunities Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a $0.1087 dividend. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Tuesday, September 22nd.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in Special Opportunities Fund by 19.5% during the second quarter. Cetera Investment Advisers now owns 23,341 shares of the closed-end fund's stock valued at $362,000 after buying an additional 3,811 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Special Opportunities Fund by 7.2% during the 2nd quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund's stock valued at $483,000 after acquiring an additional 2,082 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of Special Opportunities Fund by 1.2% in the 3rd quarter. Scotia Capital Inc. now owns 107,016 shares of the closed-end fund's stock valued at $1,659,000 after acquiring an additional 1,270 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Special Opportunities Fund by 21.8% in the 4th quarter. NBC Securities Inc. now owns 19,770 shares of the closed-end fund's stock valued at $290,000 after acquiring an additional 3,539 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its stake in shares of Special Opportunities Fund by 27.0% in the 4th quarter. First Manhattan CO. LLC. now owns 40,010 shares of the closed-end fund's stock valued at $620,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Company Profile
(
Get Free Report)
Special Opportunities Fund NYSE: SPE is a closed-end management investment company that seeks to deliver attractive total return by investing across corporate capital structures. The fund primarily allocates capital to debt and equity securities of both public and private issuers, with a focus on special situations, distressed credits and event-driven opportunities.
The fund's flexible, multi-asset strategy allows portfolio managers to shift allocations among high-yield bonds, leveraged loans, convertible securities, preferred stock and equity positions.
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