Shares of Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.25 and traded as high as $15.51. Special Opportunities Fund shares last traded at $15.52, with a volume of 61,578 shares.
Special Opportunities Fund Trading Up 0.4%
The stock's 50-day moving average is $15.25 and its two-hundred day moving average is $15.03.
Special Opportunities Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.1098 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.32 dividend on an annualized basis and a yield of 8.49%.
Institutional Trading of Special Opportunities Fund
Institutional investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC raised its position 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 last quarter. Advisors Asset Management Inc. bought a new position in Special Opportunities Fund in the 1st quarter valued at approximately $1,681,000. Scotia Capital Inc. increased its stake in shares of Special Opportunities Fund by 10.7% in the 1st quarter. Scotia Capital Inc. now owns 99,215 shares of the closed-end fund's stock valued at $1,490,000 after acquiring an additional 9,583 shares in the last quarter. First Manhattan CO. LLC. boosted its position in shares of Special Opportunities Fund by 3.3% during the first quarter. First Manhattan CO. LLC. now owns 31,510 shares of the closed-end fund's stock valued at $473,000 after buying an additional 1,010 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Special Opportunities Fund in the fourth quarter valued at $453,000. 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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