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

Special Opportunities Fund, Inc. (NYSE:SPE) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 15,600 shares, an increase of 173.7% from the October 15th total of 5,700 shares. Based on an average trading volume of 45,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Special Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Special Opportunities Fund in the 3rd quarter valued at about $153,000. Landscape Capital Management L.L.C. boosted its stake in Special Opportunities Fund by 22.6% in the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock valued at $205,000 after acquiring an additional 2,723 shares during the last quarter. Finally, Shaker Financial Services LLC grew its holdings in Special Opportunities Fund by 8.0% during the 3rd quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund’s stock worth $885,000 after acquiring an additional 4,713 shares during the period. 35.60% of the stock is currently owned by institutional investors and hedge funds.

Special Opportunities Fund Stock Up 2.0 %

NYSE:SPE traded up $0.30 during trading hours on Friday, hitting $15.30. 90,267 shares of the stock were exchanged, compared to its average volume of 31,455. The company’s 50 day moving average is $14.22 and its two-hundred day moving average is $13.55. Special Opportunities Fund has a twelve month low of $11.11 and a twelve month high of $15.38.

Special Opportunities Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd were paid a dividend of $0.0954 per share. This represents a dividend yield of 7.93%. The ex-dividend date was Tuesday, October 22nd.

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.