Special Opportunities Fund, Inc. (NYSE:SPE) Short Interest Update

Special Opportunities Fund, Inc. (NYSE:SPE) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 12,700 shares, a decline of 28.2% from the November 15th total of 17,700 shares. Based on an average daily trading volume, of 51,500 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Special Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. lifted its position in shares of Special Opportunities Fund by 22.6% during the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock worth $205,000 after purchasing an additional 2,723 shares during the last quarter. Shaker Financial Services LLC boosted its position in Special Opportunities Fund by 8.0% in the 3rd quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund’s stock valued at $885,000 after buying an additional 4,713 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Special Opportunities Fund in the 3rd quarter worth about $153,000. 35.60% of the stock is currently owned by institutional investors.

Special Opportunities Fund Stock Performance

Shares of NYSE:SPE traded up $0.05 on Friday, reaching $15.50. The company’s stock had a trading volume of 28,646 shares, compared to its average volume of 32,453. The company has a 50-day simple moving average of $14.83 and a 200 day simple moving average of $13.92. Special Opportunities Fund has a 52-week low of $11.56 and a 52-week high of $15.74.

Special Opportunities Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd were paid a dividend of $0.0954 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a dividend yield of 7.93%.

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.