Special Opportunities Fund, Inc. (NYSE:SPE) Short Interest Up 122.6% in September

Special Opportunities Fund, Inc. (NYSE:SPE) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 20,700 shares, a growth of 122.6% from the September 15th total of 9,300 shares. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is presently 0.7 days.

Special Opportunities Fund Stock Performance

Shares of NYSE SPE opened at $15.34 on Wednesday. Special Opportunities Fund has a one year low of $12.72 and a one year high of $15.98. The business has a 50-day moving average price of $15.57 and a two-hundred day moving average price of $15.21.

Special Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.1098 per share. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Institutional Investors Weigh In On Special Opportunities Fund

Institutional investors have recently made changes to their positions in the company. Shaker Financial Services LLC boosted its holdings in Special Opportunities Fund by 246.0% in the second quarter. Shaker Financial Services LLC now owns 266,728 shares of the closed-end fund’s stock worth $4,132,000 after purchasing an additional 189,630 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Special Opportunities Fund by 2.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 114,199 shares of the closed-end fund’s stock worth $1,769,000 after purchasing an additional 2,294 shares during the last quarter. Scotia Capital Inc. lifted its holdings in Special Opportunities Fund by 6.6% in the 2nd quarter. Scotia Capital Inc. now owns 105,746 shares of the closed-end fund’s stock worth $1,638,000 after purchasing an additional 6,531 shares during the last quarter. First Manhattan CO. LLC. lifted its holdings in Special Opportunities Fund by 3.3% in the 1st quarter. First Manhattan CO. LLC. now owns 31,510 shares of the closed-end fund’s stock worth $473,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Special Opportunities Fund by 7.2% in 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. 35.60% of the stock is currently owned by institutional investors and hedge funds.

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.