Short Interest in Special Opportunities Fund, Inc. (NYSE:SPE) Rises By 173.7%

Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 15,600 shares, a growth of 173.7% from the October 15th total of 5,700 shares. Based on an average daily volume of 45,600 shares, the short-interest ratio is currently 0.3 days.

Special Opportunities Fund Trading Down 0.1 %

Shares of NYSE SPE traded down $0.01 during trading on Wednesday, reaching $14.94. The stock had a trading volume of 33,295 shares, compared to its average volume of 31,238. Special Opportunities Fund has a fifty-two week low of $10.95 and a fifty-two week high of $15.35. The business's 50-day moving average price is $14.22 and its 200-day moving average price is $13.55.

Special Opportunities Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were given a $0.0954 dividend. This represents a yield of 7.93%. The ex-dividend date was Tuesday, October 22nd.

Institutional Trading of Special Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Special Opportunities Fund in the third quarter valued at $153,000. Landscape Capital Management L.L.C. increased its holdings in Special Opportunities Fund by 22.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund's stock worth $205,000 after purchasing an additional 2,723 shares during the period. Finally, Shaker Financial Services LLC raised its position in Special Opportunities Fund by 8.0% in the 3rd quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund's stock valued at $885,000 after purchasing an additional 4,713 shares in the last quarter. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

About Special Opportunities Fund

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.