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

Special Opportunities Fund, Inc. (NYSE:SPE) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 7,371 shares, a decrease of 42.2% from the May 31st total of 12,762 shares. Based on an average trading volume of 41,864 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Special Opportunities Fund Price Performance

NYSE SPE traded up $0.01 on Friday, hitting $13.52. The company had a trading volume of 19,926 shares, compared to its average volume of 31,013. The company’s fifty day moving average price is $13.92 and its 200-day moving average price is $14.38. Special Opportunities Fund has a 12-month low of $13.14 and a 12-month high of $15.98.

Special Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.1087 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Tuesday, September 22nd.

Institutional Investors Weigh In On Special Opportunities Fund

Hedge funds have recently modified their holdings of the business. Scotia Capital Inc. grew its stake in Special Opportunities Fund by 1.2% during the 3rd quarter. Scotia Capital Inc. now owns 107,016 shares of the closed-end fund’s stock valued at $1,659,000 after acquiring an additional 1,270 shares in the last quarter. First Manhattan CO. LLC. lifted its stake in Special Opportunities Fund by 27.0% in the 4th quarter. First Manhattan CO. LLC. now owns 40,010 shares of the closed-end fund’s stock worth $620,000 after purchasing an additional 8,500 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Special Opportunities Fund by 19.4% during the 4th quarter. Cetera Investment Advisers now owns 38,001 shares of the closed-end fund’s stock worth $558,000 after purchasing an additional 6,175 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Special Opportunities Fund by 7.2% during the 2nd quarter. Raymond James Financial Inc. now owns 31,197 shares of the closed-end fund’s stock worth $483,000 after purchasing an additional 2,082 shares during the last quarter. Finally, NBC Securities Inc. grew its position in shares of Special Opportunities Fund by 21.8% in the fourth quarter. NBC Securities Inc. now owns 19,770 shares of the closed-end fund’s stock valued at $290,000 after purchasing an additional 3,539 shares in the last quarter. 35.60% of the stock is currently owned by institutional investors and hedge funds.

Special Opportunities Fund Company Profile

Special Opportunities Fund (NYSE: SPE) is a closed-end management investment company that seeks to deliver attractive total return by investing across corporate capital structures. The fund primarily allocates capital to debt and equity securities of both public and private issuers, with a focus on special situations, distressed credits and event-driven opportunities.

The fund’s flexible, multi-asset strategy allows portfolio managers to shift allocations among high-yield bonds, leveraged loans, convertible securities, preferred stock and equity positions.