SPECIAL OPP FD’s (SPE) Buy Rating Reaffirmed at Scotiabank

Scotiabank restated their buy rating on shares of SPECIAL OPP FD (NYSE:SPE) in a research report sent to investors on Tuesday morning. The brokerage currently has a $11.25 price objective on the closed-end fund’s stock.

Shares of SPECIAL OPP FD (NYSE:SPE) opened at 15.85 on Tuesday. SPECIAL OPP FD has a 12-month low of $13.46 and a 12-month high of $15.93. The stock’s 50 day moving average is $15.54 and its 200-day moving average is $15.18.

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A hedge fund recently raised its stake in SPECIAL OPP FD stock. Blue Bell Private Wealth Management LLC lifted its position in shares of SPECIAL OPP FD (NYSE:SPE) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,496 shares of the closed-end fund’s stock after buying an additional 13,590 shares during the quarter. SPECIAL OPP FD makes up about 1.7% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 13th largest position. Blue Bell Private Wealth Management LLC’s holdings in SPECIAL OPP FD were worth $3,504,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 39.56% of the company’s stock.

About SPECIAL OPP FD

Special Opportunities Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund’s investment portfolio consists of investment companies, common stocks, commodity partnerships, preferred stocks, money market funds, corporate notes, liquidating trusts, corporate bonds, promissory notes, senior unsecured notes, warrants and rights.

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