Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.90 and traded as low as $14.33. Special Opportunities Fund shares last traded at $14.46, with a volume of 50,516 shares changing hands.
Special Opportunities Fund Trading Down 1.8 %
The firm's fifty day moving average price is $14.69 and its two-hundred day moving average price is $14.90.
Special Opportunities Fund Announces Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a $0.1098 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 9.35%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SPE. Quarry LP purchased a new stake in Special Opportunities Fund in the 4th quarter valued at $44,000. Global Retirement Partners LLC purchased a new position in shares of Special Opportunities Fund in the 4th quarter worth approximately $45,000. K2 Principal Fund L.P. purchased a new stake in shares of Special Opportunities Fund during the fourth quarter valued at approximately $146,000. Absolute Investment Advisers LLC purchased a new position in Special Opportunities Fund in the fourth quarter worth $154,000. Finally, Aspiriant LLC purchased a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $194,000. 35.60% of the stock is currently 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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