Special Opportunities Fund (NYSE:SPE) Stock Price Passes Below Two Hundred Day Moving Average of $13.54

Shares of Special Opportunities Fund, Inc. (NYSE:SPEGet Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.54 and traded as low as $12.57. Special Opportunities Fund shares last traded at $12.71, with a volume of 52,439 shares traded.

Special Opportunities Fund Trading Up 0.7 %

The stock’s 50-day moving average is $12.92 and its 200-day moving average is $13.54.

Special Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 21st will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Tuesday, September 20th.

Hedge Funds Weigh In On Special Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in Special Opportunities Fund by 158.1% in the 2nd quarter. Lindbrook Capital LLC now owns 6,530 shares of the closed-end fund’s stock valued at $81,000 after acquiring an additional 4,000 shares during the period. NewEdge Advisors LLC acquired a new position in Special Opportunities Fund in the 2nd quarter valued at approximately $145,000. Bank of Montreal Can acquired a new position in Special Opportunities Fund in the 1st quarter valued at approximately $202,000. Calton & Associates Inc. increased its position in Special Opportunities Fund by 6.7% in the 2nd quarter. Calton & Associates Inc. now owns 20,542 shares of the closed-end fund’s stock valued at $254,000 after acquiring an additional 1,281 shares during the period. Finally, Meixler Investment Management Ltd. acquired a new position in Special Opportunities Fund in the 4th quarter valued at approximately $335,000. 48.59% of the stock is currently owned by institutional investors and hedge funds.

Special Opportunities Fund Company Profile

(Get Rating)

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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