Special Opportunities Fund (NYSE:SPE) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Special Opportunities Fund, Inc. (NYSE:SPE) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.88 and traded as low as $14.88. Special Opportunities Fund shares last traded at $15.05, with a volume of 37,974 shares trading hands.

Special Opportunities Fund Trading Up 0.2 %

The business has a 50 day simple moving average of $15.27 and a two-hundred day simple moving average of $14.88.

Special Opportunities Fund Dividend Announcement

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

Institutional Investors Weigh In On Special Opportunities Fund

Institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in Special Opportunities Fund during the fourth quarter worth $44,000. Global Retirement Partners LLC acquired a new stake in shares of Special Opportunities Fund during the fourth quarter worth $45,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Special Opportunities Fund by 41.7% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund’s stock worth $227,000 after purchasing an additional 4,570 shares during the period. Scotia Capital Inc. lifted its position in shares of Special Opportunities Fund by 6.1% in the 4th quarter. Scotia Capital Inc. now owns 89,632 shares of the closed-end fund’s stock worth $1,311,000 after buying an additional 5,141 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in shares of Special Opportunities Fund in the 4th quarter valued at about $146,000. Institutional investors and hedge funds 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.