Special Opportunities Fund, Inc. (SPE) To Go Ex-Dividend on October 20th

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Monday, September 28th. Investors of record on Tuesday, October 20th will be given a dividend of $0.1087 per share by the closed-end fund on Friday, October 30th. This represents a $1.30 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Tuesday, October 20th.

Special Opportunities Fund Trading Down 0.3%

SPE opened at $12.30 on Friday. Special Opportunities Fund has a 12-month low of $12.20 and a 12-month high of $15.56. The stock has a 50-day moving average price of $13.13 and a 200-day moving average price of $13.55.

Hedge Funds Weigh In On Special Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC bought a new stake in shares of Special Opportunities Fund during the second quarter valued at approximately $44,000. Concurrent Investment Advisors LLC grew its position in Special Opportunities Fund by 31.0% during the second quarter. Concurrent Investment Advisors LLC now owns 94,611 shares of the closed-end fund’s stock valued at $2,687,000 after buying an additional 22,399 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Special Opportunities Fund by 30.6% during the 2nd quarter. Susquehanna International Group LLP now owns 15,435 shares of the closed-end fund’s stock worth $208,000 after acquiring an additional 3,614 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Special Opportunities Fund in the second quarter worth about $50,000. Finally, Patron Partners LLC bought a new stake in Special Opportunities Fund during the 2nd quarter worth approximately $192,000. Institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol SPE. The fund seeks to provide investors with total return through a flexible, opportunistic investment strategy rather than focusing on a single industry or geographic market.

The fund primarily invests in other closed-end funds and may also invest in business development companies, special purpose acquisition companies, and other publicly traded securities.