Jefferies Financial Group Inc. Acquires New Position in Special Opportunities Fund, Inc. (NYSE:SPE)

Jefferies Financial Group Inc. acquired a new stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,010 shares of the closed-end fund’s stock, valued at approximately $439,000. Jefferies Financial Group Inc. owned about 0.27% of Special Opportunities Fund as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in Special Opportunities Fund in the 4th quarter worth about $333,000. Truist Financial Corp bought a new position in Special Opportunities Fund in the 4th quarter worth about $328,000. Shaker Financial Services LLC grew its position in Special Opportunities Fund by 148.0% in the 4th quarter. Shaker Financial Services LLC now owns 157,812 shares of the closed-end fund’s stock worth $2,309,000 after purchasing an additional 94,176 shares during the last quarter. Raymond James Financial Inc. bought a new position in Special Opportunities Fund in the 4th quarter worth about $453,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Special Opportunities Fund by 41.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund’s stock worth $227,000 after purchasing an additional 4,570 shares during the last quarter. Institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Stock Performance

NYSE SPE opened at $15.24 on Friday. The company has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $14.95. Special Opportunities Fund, Inc. has a 52 week low of $12.65 and a 52 week high of $15.87.

Special Opportunities Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be paid a $0.1098 dividend. This represents a dividend yield of 8.65%. The ex-dividend date is Tuesday, May 20th.

Special Opportunities Fund Company Profile

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.