Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.93 and traded as low as $14.34. Special Opportunities Fund shares last traded at $14.58, with a volume of 82,321 shares.
Special Opportunities Fund Stock Up 0.3 %
The company's fifty day moving average price is $14.93 and its 200 day moving average price is $14.08.
Special Opportunities Fund Dividend Announcement
The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were paid a $0.0954 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a yield of 7.93%.
Institutional Trading of Special Opportunities Fund
A number of institutional investors and hedge funds have recently modified their holdings of SPE. Landscape Capital Management L.L.C. increased its holdings in Special Opportunities Fund by 22.6% during the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund's stock worth $205,000 after buying an additional 2,723 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Special Opportunities Fund during the 3rd quarter valued at approximately $153,000. Finally, Shaker Financial Services LLC increased its stake in shares of Special Opportunities Fund by 8.0% during the 3rd quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund's stock worth $885,000 after purchasing an additional 4,713 shares during the last quarter. 35.60% of the stock is 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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