Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.31 and traded as high as $15.60. Special Opportunities Fund shares last traded at $15.54, with a volume of 8,733 shares changing hands.
Special Opportunities Fund Price Performance
The company's 50-day simple moving average is $15.31 and its 200-day simple moving average is $15.06.
Special Opportunities Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.1098 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.32 annualized dividend and a yield of 8.54%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. acquired a new stake in Special Opportunities Fund during the fourth quarter worth about $439,000. Shaker Financial Services LLC boosted 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 worth $2,309,000 after purchasing an additional 94,176 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Special Opportunities Fund during the 4th quarter worth approximately $453,000. CF Capital LLC acquired a new position in shares of Special Opportunities Fund during the 4th quarter worth about $402,000. Finally, Oppenheimer & Co. Inc. grew its stake in Special Opportunities Fund by 8.8% during the first quarter. Oppenheimer & Co. Inc. now owns 24,766 shares of the closed-end fund's stock worth $372,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors 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.
Featured Articles
Before you consider Special Opportunities Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Special Opportunities Fund wasn't on the list.
While Special Opportunities Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access