Special Opportunities Fund (NYSE:SPE) Stock Crosses Below 200 Day Moving Average of $11.44

Special Opportunities Fund, Inc. (NYSE:SPE – Get Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.44 and traded as low as $10.78. Special Opportunities Fund shares last traded at $10.90, with a volume of 22,973 shares changing hands.

Special Opportunities Fund Trading Up 0.9 %

The company has a fifty day moving average price of $10.91 and a 200 day moving average price of $11.44.

Special Opportunities Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, April 28th. Shareholders of record on Wednesday, April 19th were given a $0.0867 dividend. The ex-dividend date was Tuesday, April 18th. This represents a yield of 9.36%.

Insider Buying and Selling at Special Opportunities Fund

In related news, Chairman Phillip Goldstein acquired 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The shares were bought at an average cost of $10.85 per share, for a total transaction of $26,040.00. Following the purchase, the chairman now owns 26,459 shares in the company, valued at approximately $287,080.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.38% of the company’s stock.

Institutional Investors Weigh In On Special Opportunities Fund

A number of large investors have recently made changes to their positions in the business. Shaker Financial Services LLC purchased a new position in Special Opportunities Fund during the third quarter valued at $872,000. Wolverine Asset Management LLC purchased a new position in Special Opportunities Fund during the first quarter valued at $597,000. Ancora Advisors LLC raised its stake in Special Opportunities Fund by 49.6% during the first quarter. Ancora Advisors LLC now owns 126,823 shares of the closed-end fund’s stock valued at $1,859,000 after buying an additional 42,067 shares during the last quarter. Live Oak Private Wealth LLC purchased a new position in Special Opportunities Fund during the first quarter valued at $162,000. Finally, Private Advisor Group LLC purchased a new position in Special Opportunities Fund during the first quarter valued at $158,000. 34.49% of the stock is currently owned by institutional investors.

About Special Opportunities Fund

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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.