Special Opportunities Fund, Inc. (SPE) To Go Ex-Dividend on December 16th

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Thursday, October 2nd. Stockholders of record on Tuesday, December 16th will be paid a dividend of 0.1098 per share by the closed-end fund on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Tuesday, December 16th.

Special Opportunities Fund Price Performance

Shares of SPE stock opened at $15.33 on Friday. The stock has a 50 day moving average price of $15.29 and a 200 day moving average price of $15.39. Special Opportunities Fund has a 52-week low of $12.72 and a 52-week high of $15.98.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in shares of Special Opportunities Fund in the first quarter valued at approximately $1,681,000. Cetera Investment Advisers bought a new stake in Special Opportunities Fund during the 1st quarter valued at $293,000. Shaker Financial Services LLC lifted its holdings in shares of Special Opportunities Fund by 246.0% in the 2nd quarter. Shaker Financial Services LLC now owns 266,728 shares of the closed-end fund’s stock worth $4,132,000 after buying an additional 189,630 shares during the period. Scotia Capital Inc. lifted its holdings in shares of Special Opportunities Fund by 6.6% in the 2nd quarter. Scotia Capital Inc. now owns 105,746 shares of the closed-end fund’s stock worth $1,638,000 after buying an additional 6,531 shares during the period. Finally, K2 Principal Fund L.P. grew its position in shares of Special Opportunities Fund by 18.8% during the 1st quarter. K2 Principal Fund L.P. now owns 11,878 shares of the closed-end fund’s stock worth $178,000 after buying an additional 1,878 shares in the last quarter. 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.