Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Sees Significant Drop in Short Interest

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 13,781 shares, a decline of 44.4% from the August 31st total of 24,785 shares. Based on an average trading volume of 68,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in shares of Cohen & Steers Closed-End Opportunity Fund in the second quarter worth approximately $41,000. Highland Investment Advisors LLC bought a new stake in shares of Cohen & Steers Closed-End Opportunity Fund during the second quarter valued at approximately $52,000. Silverlake Wealth Management LLC purchased a new position in Cohen & Steers Closed-End Opportunity Fund in the 2nd quarter worth approximately $161,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Cohen & Steers Closed-End Opportunity Fund in the 2nd quarter worth approximately $176,000. Finally, Fifth Third Bancorp bought a new position in Cohen & Steers Closed-End Opportunity Fund in the 1st quarter valued at approximately $426,000.

Cohen & Steers Closed-End Opportunity Fund Trading Down 0.5%

Shares of NYSE FOF traded down $0.06 during trading on Thursday, reaching $12.41. The company had a trading volume of 67,097 shares, compared to its average volume of 71,106. Cohen & Steers Closed-End Opportunity Fund has a 12-month low of $12.12 and a 12-month high of $15.04. The business’s 50-day moving average is $13.21 and its 200 day moving average is $13.46.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be paid a $0.0870 dividend. The ex-dividend date is Tuesday, December 8th. This represents a $1.04 dividend on an annualized basis and a yield of 8.4%.

Cohen & Steers Closed-End Opportunity Fund Company Profile

Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) is a diversified closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide investors with current income and total return through a portfolio of closed-end funds and other income-oriented investments.

The fund invests across a range of asset classes and strategies, including equity, fixed-income and real asset-focused closed-end funds. Its portfolio may include funds that invest in areas such as real estate, infrastructure, preferred securities, business development companies and other income-producing securities, allowing FOF to provide exposure to multiple market segments through a single investment vehicle.

FOF may invest in both U.S.