Special Opportunities Fund (NYSE:SPE) Share Price Crosses Above Fifty Day Moving Average of $12.39

Special Opportunities Fund, Inc. (NYSE:SPE) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.39 and traded as high as $12.60. Special Opportunities Fund shares last traded at $12.35, with a volume of 11,455 shares trading hands.

Special Opportunities Fund Price Performance

The stock has a 50-day moving average of $12.39 and a two-hundred day moving average of $11.78.

Special Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be given a $0.0954 dividend. This represents a $1.14 annualized dividend and a dividend yield of 9.27%. The ex-dividend date of this dividend is Monday, May 20th.

Institutional Investors Weigh In On Special Opportunities Fund

Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Special Opportunities Fund in the third quarter valued at $160,000. RPO LLC acquired a new position in Special Opportunities Fund during the third quarter valued at $188,000. Alpine Global Management LLC purchased a new stake in Special Opportunities Fund in the 3rd quarter worth about $223,000. Sowell Financial Services LLC acquired a new stake in Special Opportunities Fund during the 3rd quarter worth about $230,000. Finally, Matisse Capital purchased a new position in Special Opportunities Fund during the 4th quarter valued at about $270,000. Hedge funds and other institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Company Profile

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.