Special Opportunities Fund (NYSE:SPE) Stock Crosses Above 200 Day Moving Average of $0.00

Special Opportunities Fund, Inc. (NYSE:SPE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $13.72. Special Opportunities Fund shares last traded at $13.70, with a volume of 3,691 shares changing hands.

The company’s 50-day moving average is $13.44.

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.076 per share. This represents a $0.91 annualized dividend and a dividend yield of 6.63%. The ex-dividend date was Thursday, June 13th.

Large investors have recently bought and sold shares of the business. Calton & Associates Inc. bought a new stake in Special Opportunities Fund in the 1st quarter worth approximately $144,000. Segall Bryant & Hamill LLC bought a new stake in Special Opportunities Fund in the 4th quarter worth approximately $160,000. Finally, Scotia Capital Inc. grew its position in Special Opportunities Fund by 23.3% in the 4th quarter. Scotia Capital Inc. now owns 26,688 shares of the closed-end fund’s stock worth $316,000 after purchasing an additional 5,045 shares during the period. 47.50% of the stock is owned by institutional investors and hedge funds.

Special Opportunities Fund Company Profile (NYSE:SPE)

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.

See Also: Moving Average Convergence Divergence (MACD)

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