Special Opportunities Fund, Inc. (NYSE:SPE) Short Interest Up 55.6% in February

Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 24,900 shares, an increase of 55.6% from the February 13th total of 16,000 shares. Approximately 0.4% of the company's shares are sold short. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Special Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of SPE. Quarry LP acquired a new position in shares of Special Opportunities Fund in the fourth quarter valued at approximately $44,000. Global Retirement Partners LLC acquired a new position in shares of Special Opportunities Fund in the fourth quarter worth $45,000. K2 Principal Fund L.P. purchased a new stake in shares of Special Opportunities Fund during the fourth quarter worth $146,000. Absolute Investment Advisers LLC purchased a new stake in shares of Special Opportunities Fund during the fourth quarter worth $154,000. Finally, Aspiriant LLC acquired a new stake in shares of Special Opportunities Fund in the fourth quarter valued at $194,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

Special Opportunities Fund Stock Up 0.3 %

NYSE:SPE traded up $0.05 during trading hours on Wednesday, reaching $14.98. 28,873 shares of the stock were exchanged, compared to its average volume of 38,795. Special Opportunities Fund has a twelve month low of $12.00 and a twelve month high of $15.87. The business has a 50-day moving average of $15.25 and a two-hundred day moving average of $14.79.

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Special Opportunities Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.1098 dividend. This represents a yield of 8.76%. The ex-dividend date was Tuesday, January 21st.

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.