Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 4,700 shares, a decline of 32.9% from the September 15th total of 7,000 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is currently 0.1 days.
Shares of NYSE:SPE traded up $0.09 during mid-day trading on Friday, reaching $14.19. 11,222 shares of the company's stock were exchanged, compared to its average volume of 27,708. The business's fifty day moving average price is $13.72 and its 200-day moving average price is $13.21. Special Opportunities Fund has a twelve month low of $10.26 and a twelve month high of $14.23.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0954 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.14 annualized dividend and a dividend yield of 8.07%.
A hedge fund recently raised its stake in Special Opportunities Fund stock. NBC Securities Inc. grew its stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,478 shares of the closed-end fund's stock after buying an additional 928 shares during the period. NBC Securities Inc. owned 0.14% of Special Opportunities Fund worth $195,000 at the end of the most recent reporting period. 35.60% of the stock is owned by institutional investors.
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.
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