Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Stock Short Interest Climbs 243.5%

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 47,341 shares, an increase of 243.5% from the September 15th total of 13,781 shares. Based on an average daily trading volume, of 79,364 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Cohen & Steers Closed-End Opportunity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in Cohen & Steers Closed-End Opportunity Fund during the 2nd quarter worth approximately $41,000. Highland Investment Advisors LLC acquired a new stake in Cohen & Steers Closed-End Opportunity Fund during the 2nd quarter valued at $52,000. Financial Alternatives Inc purchased a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the second quarter valued at $608,000. Silverlake Wealth Management LLC purchased a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the second quarter valued at $161,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the second quarter valued at $176,000.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

Shares of Cohen & Steers Closed-End Opportunity Fund stock traded down $0.02 during trading on Monday, hitting $12.48. The stock had a trading volume of 51,426 shares, compared to its average volume of 70,859. The stock has a 50 day simple moving average of $13.07 and a 200 day simple moving average of $13.42. Cohen & Steers Closed-End Opportunity Fund has a 1 year low of $12.12 and a 1 year high of $15.04.

Cohen & Steers Closed-End Opportunity Fund Company Profile

Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) is a closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

FOF invests primarily in a diversified portfolio of other closed-end funds. These underlying funds may provide exposure to equity securities, fixed-income investments, preferred securities, convertible securities and other income-oriented assets.