Special Opportunities Fund, Inc. (NYSE:SPE) Sees Significant Increase in Short Interest

Posted by Chris Copeland on Mar 16th, 2025

Special Opportunities Fund, Inc. (NYSE:SPE – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 24,900 shares, an increase of 55.6% from the February 13th total of 16,000 shares. Based on an average daily volume of 49,000 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of Special Opportunities Fund

Institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $44,000. Global Retirement Partners LLC bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $45,000. K2 Principal Fund L.P. bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $146,000. Absolute Investment Advisers LLC bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $154,000. Finally, Aspiriant LLC bought a new stake in shares of Special Opportunities Fund during the 4th quarter valued at $194,000. 35.60% of the stock is currently owned by institutional investors.

Special Opportunities Fund Stock Performance

NYSE:SPE traded up $0.17 during mid-day trading on Friday, hitting $15.05. 37,482 shares of the stock were exchanged, compared to its average volume of 38,524. The firm’s 50-day simple moving average is $15.25 and its 200 day simple moving average is $14.77. Special Opportunities Fund has a fifty-two week low of $12.00 and a fifty-two week high of $15.87.

Special Opportunities Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.1098 per share. The ex-dividend date was Tuesday, January 21st. This represents a dividend yield of 8.76%.

About Special Opportunities Fund

(Get Free Report)

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.