Shares of Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.12 and traded as high as $15.52. Special Opportunities Fund shares last traded at $15.28, with a volume of 19,479 shares.
Special Opportunities Fund Trading Up 1.2 %
The firm's 50-day simple moving average is $15.17 and its two-hundred day simple moving average is $14.67.
Special Opportunities Fund Announces Dividend
The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.1098 dividend. This represents a dividend yield of 8.76%. The ex-dividend date was Tuesday, January 21st.
Hedge Funds Weigh In On Special Opportunities Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Special Opportunities Fund in the fourth quarter valued at $44,000. Global Retirement Partners LLC acquired a new position in Special Opportunities Fund during the fourth quarter worth about $45,000. K2 Principal Fund L.P. purchased a new stake in shares of Special Opportunities Fund in the fourth quarter valued at about $146,000. Absolute Investment Advisers LLC acquired a new stake in shares of Special Opportunities Fund in the fourth quarter valued at approximately $154,000. Finally, Aspiriant LLC purchased a new position in shares of Special Opportunities Fund during the 4th quarter worth approximately $194,000. 35.60% of the stock is owned by institutional investors and hedge funds.
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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