Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $15.11 and traded as high as $15.66. Special Opportunities Fund shares last traded at $15.51, with a volume of 48,602 shares trading hands.
Special Opportunities Fund Stock Performance
The firm's 50 day moving average price is $15.11 and its 200 day moving average price is $14.59.
Special Opportunities Fund Announces Dividend
The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.1098 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a dividend yield of 8.76%.
Hedge Funds Weigh In On Special Opportunities Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aspiriant LLC bought a new position in Special Opportunities Fund in the 4th quarter worth $194,000. Landscape Capital Management L.L.C. raised its stake in Special Opportunities Fund by 22.6% in 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 in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Special Opportunities Fund in the third quarter worth about $153,000. Shaker Financial Services LLC raised its stake in Special Opportunities Fund by 8.0% in the third quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund's stock worth $885,000 after buying an additional 4,713 shares in the last quarter. Finally, Absolute Investment Advisers LLC bought a new position in Special Opportunities Fund in the fourth quarter worth about $154,000. Institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Company Profile
(
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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