Special Opportunities Fund, Inc. (NYSE:SPE) Short Interest Up 173.7% in October

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

Institutional Trading of Special Opportunities Fund

Several institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. lifted its holdings in shares of 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 buying an additional 2,723 shares during the period. Shaker Financial Services LLC raised its position in shares of Special Opportunities Fund by 8.0% during the third quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund’s stock worth $885,000 after purchasing an additional 4,713 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Special Opportunities Fund during the third quarter worth $153,000. Institutional investors and hedge funds own 35.60% of the company’s stock.

Special Opportunities Fund Trading Up 2.2 %

Shares of Special Opportunities Fund stock traded up $0.32 during trading on Friday, hitting $15.33. The stock had a trading volume of 123,639 shares, compared to its average volume of 31,629. The business has a fifty day moving average of $14.24 and a two-hundred day moving average of $13.56. Special Opportunities Fund has a fifty-two week low of $11.11 and a fifty-two week high of $15.39.

Special Opportunities Fund Dividend Announcement

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

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.