Shaker Financial Services LLC Grows Position in Special Opportunities Fund, Inc. (NYSE:SPE)

Shaker Financial Services LLC boosted its position in shares of Special Opportunities Fund, Inc. (NYSE:SPE) by 8.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,636 shares of the closed-end fund’s stock after buying an additional 4,713 shares during the quarter. Shaker Financial Services LLC owned approximately 0.57% of Special Opportunities Fund worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Special Opportunities Fund during the 3rd quarter valued at about $153,000. Hedge funds and other institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Stock Up 1.6 %

SPE opened at $15.00 on Thursday. Special Opportunities Fund, Inc. has a one year low of $10.82 and a one year high of $15.04. The business has a 50 day simple moving average of $14.08 and a two-hundred day simple moving average of $13.46.

Special Opportunities Fund Dividend Announcement

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

Special Opportunities Fund Company Profile

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.