Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Sees Significant Drop in Short Interest

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 15,500 shares, a drop of 51.3% from the January 31st total of 31,800 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is currently 0.3 days.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

Shares of FOF stock remained flat at $12.37 during trading on Friday. 53,288 shares of the company were exchanged, compared to its average volume of 47,751. The stock has a 50-day moving average price of $12.65 and a 200-day moving average price of $12.77. Cohen & Steers Closed-End Opportunity Fund has a 12 month low of $11.00 and a 12 month high of $13.39.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.087 per share. The ex-dividend date was Tuesday, January 14th. This represents a yield of 8.25%.

Hedge Funds Weigh In On Cohen & Steers Closed-End Opportunity Fund

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Cohen & Steers Closed-End Opportunity Fund during the 4th quarter valued at $3,532,000. LPL Financial LLC lifted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 18.1% in the fourth quarter. LPL Financial LLC now owns 913,599 shares of the company’s stock worth $11,603,000 after buying an additional 139,779 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 8.4% in the fourth quarter. Bank of America Corp DE now owns 522,690 shares of the company’s stock worth $6,638,000 after buying an additional 40,310 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Cohen & Steers Closed-End Opportunity Fund by 69.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 80,077 shares of the company’s stock valued at $1,017,000 after acquiring an additional 32,794 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Cohen & Steers Closed-End Opportunity Fund by 24.4% during the third quarter. Thrivent Financial for Lutherans now owns 109,165 shares of the company’s stock valued at $1,419,000 after acquiring an additional 21,433 shares in the last quarter.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.