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

Special Opportunities Fund, Inc. (NYSE:SPE) was the target of a significant increase in short interest in 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is presently 0.5 days.

Special Opportunities Fund Stock Performance

Shares of SPE stock traded up $0.06 during mid-day trading on Monday, reaching $15.15. 77,702 shares of the company’s stock traded hands, compared to its average volume of 38,684. The company’s 50-day moving average price is $15.25 and its 200-day moving average price is $14.77. Special Opportunities Fund has a 12 month low of $12.00 and a 12 month high of $15.87.

Special Opportunities Fund Announces Dividend

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

Hedge Funds Weigh In On Special Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of SPE. Quarry LP bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $44,000. Global Retirement Partners LLC bought a new position in shares of Special Opportunities Fund in the fourth quarter worth about $45,000. K2 Principal Fund L.P. purchased a new position in shares of Special Opportunities Fund during the 4th quarter valued at about $146,000. Absolute Investment Advisers LLC bought a new position in shares of Special Opportunities Fund during the 4th quarter valued at approximately $154,000. Finally, Aspiriant LLC purchased a new stake in Special Opportunities Fund in the 4th quarter worth approximately $194,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

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.