Special Opportunities Fund (NYSE:SPE) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Special Opportunities Fund, Inc. (NYSE:SPE) passed 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 changing hands.

Special Opportunities Fund Stock Up 0.4 %

The firm has a 50 day moving average price of $15.14 and a two-hundred day moving average price of $14.63.

Special Opportunities Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.1098 dividend. The ex-dividend date was Tuesday, January 21st. This represents a dividend yield of 8.76%.

Institutional Investors Weigh In On Special Opportunities Fund

Several large investors have recently modified their holdings of the stock. Shaker Financial Services LLC grew its stake in shares of Special Opportunities Fund by 148.0% in the 4th quarter. Shaker Financial Services LLC now owns 157,812 shares of the closed-end fund’s stock valued at $2,309,000 after purchasing an additional 94,176 shares during the period. Independent Advisor Alliance bought a new stake in Special Opportunities Fund during the 4th quarter worth approximately $1,380,000. Scotia Capital Inc. grew its position in Special Opportunities Fund by 6.1% during the 4th quarter. Scotia Capital Inc. now owns 89,632 shares of the closed-end fund’s stock worth $1,311,000 after acquiring an additional 5,141 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Special Opportunities Fund during the 4th quarter worth approximately $453,000. Finally, Jefferies Financial Group Inc. bought a new stake in Special Opportunities Fund during the 4th quarter worth approximately $439,000. 35.60% of the stock is currently owned by institutional investors.

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.