Special Opportunities Fund, Inc. (NYSE:SPE) Sees Large Increase in Short Interest

Special Opportunities Fund, Inc. (NYSE:SPE) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 24,900 shares, an increase of 55.6% from the February 13th total of 16,000 shares. Based on an average trading volume of 49,000 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Special Opportunities Fund

A number of large investors have recently bought and sold shares of SPE. Quarry LP purchased a new position in shares of Special Opportunities Fund in the 4th quarter valued at $44,000. Global Retirement Partners LLC acquired a new stake in shares of Special Opportunities Fund in the 4th quarter worth $45,000. K2 Principal Fund L.P. acquired a new stake in Special Opportunities Fund in the fourth quarter worth about $146,000. Absolute Investment Advisers LLC acquired a new position in shares of Special Opportunities Fund during the fourth quarter valued at about $154,000. Finally, Aspiriant LLC acquired a new stake in Special Opportunities Fund in the 4th quarter worth approximately $194,000. Institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Stock Performance

NYSE:SPE traded up $0.06 during trading hours on Monday, reaching $15.15. The stock had a trading volume of 77,702 shares, compared to its average volume of 38,684. Special Opportunities Fund has a 52 week low of $12.00 and a 52 week high of $15.87. The company has a 50 day moving average price of $15.25 and a two-hundred day moving average price of $14.77.

Special Opportunities Fund Announces Dividend

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

About Special Opportunities Fund

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.