Special Opportunities Fund, Inc. (SPE) To Go Ex-Dividend on September 16th

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Tuesday, July 8th, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.1098 per share by the closed-end fund on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, September 16th.

Special Opportunities Fund Stock Down 0.1%

Shares of SPE opened at $15.90 on Friday. The stock has a 50 day moving average of $15.53 and a 200 day moving average of $15.11. Special Opportunities Fund has a 12 month low of $12.72 and a 12 month high of $15.94.

Institutional Trading of Special Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC increased its position in shares of Special Opportunities Fund by 246.0% during the second quarter. Shaker Financial Services LLC now owns 266,728 shares of the closed-end fund’s stock valued at $4,132,000 after acquiring an additional 189,630 shares during the last quarter. Advisors Asset Management Inc. increased its position in Special Opportunities Fund by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 114,199 shares of the closed-end fund’s stock worth $1,769,000 after buying an additional 2,294 shares during the last quarter. Scotia Capital Inc. increased its position in Special Opportunities Fund by 6.6% in the second quarter. Scotia Capital Inc. now owns 105,746 shares of the closed-end fund’s stock worth $1,638,000 after buying an additional 6,531 shares during the last quarter. First Manhattan CO. LLC. increased its position in Special Opportunities Fund by 3.3% in the first quarter. First Manhattan CO. LLC. now owns 31,510 shares of the closed-end fund’s stock worth $473,000 after buying an additional 1,010 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Special Opportunities Fund by 7.2% in the second quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund’s stock worth $483,000 after buying an additional 2,082 shares during the last quarter. 35.60% of the stock is owned by hedge funds and other institutional investors.

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.