Special Opportunities Fund, Inc. (SPE) To Go Ex-Dividend on September 19th

Special Opportunities Fund, Inc. (NYSE:SPE) announced a monthly dividend on Friday, June 23rd, Wall Street Journal reports. Investors of record on Wednesday, September 20th will be given a dividend of 0.0867 per share by the closed-end fund on Friday, September 29th. This represents a $1.04 annualized dividend and a dividend yield of 9.22%. The ex-dividend date of this dividend is Tuesday, September 19th.

Special Opportunities Fund has increased its dividend by an average of 27.9% per year over the last three years.

Special Opportunities Fund Price Performance

NYSE SPE opened at $11.29 on Friday. Special Opportunities Fund has a 1 year low of $10.37 and a 1 year high of $12.68. The company has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $11.13.

Hedge Funds Weigh In On Special Opportunities Fund

Several large investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its stake in Special Opportunities Fund by 8.2% during the 2nd quarter. Rivernorth Capital Management LLC now owns 378,177 shares of the closed-end fund’s stock valued at $4,243,000 after purchasing an additional 28,625 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Special Opportunities Fund by 49.6% in the 1st quarter. Ancora Advisors LLC now owns 126,823 shares of the closed-end fund’s stock valued at $1,859,000 after buying an additional 42,067 shares in the last quarter. First Manhattan Co. raised its stake in shares of Special Opportunities Fund by 21.6% in the 4th quarter. First Manhattan Co. now owns 70,420 shares of the closed-end fund’s stock valued at $803,000 after buying an additional 12,500 shares in the last quarter. Raymond James & Associates raised its stake in shares of Special Opportunities Fund by 24.4% in the 4th quarter. Raymond James & Associates now owns 41,973 shares of the closed-end fund’s stock valued at $478,000 after buying an additional 8,240 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in shares of Special Opportunities Fund by 85.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 32,490 shares of the closed-end fund’s stock valued at $365,000 after buying an additional 15,000 shares in the last quarter. 31.93% of the stock is currently owned by institutional investors and hedge funds.

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.