Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Sees Large Growth in Short Interest

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 18,400 shares, a growth of 104.4% from the February 28th total of 9,000 shares. Based on an average daily volume of 46,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Cohen & Steers Closed-End Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its position in shares of Cohen & Steers Closed-End Opportunity Fund by 24.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 109,165 shares of the company’s stock worth $1,419,000 after purchasing an additional 21,433 shares during the period. Sargent Investment Group LLC bought a new stake in Cohen & Steers Closed-End Opportunity Fund during the fourth quarter valued at $140,000. J.W. Cole Advisors Inc. grew its holdings in Cohen & Steers Closed-End Opportunity Fund by 69.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 80,077 shares of the company’s stock worth $1,017,000 after acquiring an additional 32,794 shares during the period. Raymond James Financial Inc. acquired a new stake in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth about $3,532,000. Finally, LPL Financial LLC raised its position in shares of Cohen & Steers Closed-End Opportunity Fund by 18.1% in the 4th quarter. LPL Financial LLC now owns 913,599 shares of the company’s stock worth $11,603,000 after acquiring an additional 139,779 shares in the last quarter.

Cohen & Steers Closed-End Opportunity Fund Stock Down 0.7 %

NYSE:FOF traded down $0.09 during trading hours on Friday, hitting $12.11. 64,245 shares of the company were exchanged, compared to its average volume of 47,261. Cohen & Steers Closed-End Opportunity Fund has a one year low of $11.00 and a one year high of $13.39. The company has a fifty day simple moving average of $12.40 and a 200 day simple moving average of $12.73.

Cohen & Steers Closed-End Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.087 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.62%.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.