Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report)'s stock price passed 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 traded.
Special Opportunities Fund Price Performance
The firm's 50-day simple moving average is $15.27 and its 200 day simple moving average is $15.04.
Special Opportunities Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.1098 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Tuesday, September 16th.
Institutional Investors Weigh In On Special Opportunities Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. bought a new position in shares of Special Opportunities Fund during the 4th quarter worth approximately $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 valued at $2,309,000 after purchasing an additional 94,176 shares during the period. Raymond James Financial Inc. bought a new stake in Special Opportunities Fund in the 4th quarter valued at $453,000. CF Capital LLC bought a new stake in Special Opportunities Fund in the 4th quarter valued at $402,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Special Opportunities Fund by 8.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 24,766 shares of the closed-end fund's stock valued at $372,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds 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.
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