Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.63 and traded as high as $15.25. Special Opportunities Fund shares last traded at $15.10, with a volume of 3,902 shares trading hands.
Special Opportunities Fund Stock Performance
The firm has a 50-day moving average price of $14.63 and a 200-day moving average price of $14.96.
Special Opportunities Fund Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.1098 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a yield of 8.65%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPE. K2 Principal Fund L.P. grew its position in shares of Special Opportunities Fund by 18.8% during the 1st quarter. K2 Principal Fund L.P. now owns 11,878 shares of the closed-end fund's stock valued at $178,000 after acquiring an additional 1,878 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Special Opportunities Fund during the 1st quarter valued at approximately $1,681,000. First Manhattan CO. LLC. grew its position in shares of Special Opportunities Fund by 3.3% during the 1st quarter. First Manhattan CO. LLC. now owns 31,510 shares of the closed-end fund's stock valued at $473,000 after acquiring an additional 1,010 shares during the period. Scotia Capital Inc. grew its position in shares of Special Opportunities Fund by 10.7% during 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 during the period. Finally, Cetera Investment Advisers bought a new position in shares of Special Opportunities Fund during the 1st quarter valued at approximately $293,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.
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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