Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Price Down 1.9% – Time to Sell?

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) shares were down 1.9% on Thursday. The company traded as low as $12.12 and last traded at $12.13. 53,472 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 70,336 shares. The stock had previously closed at $12.36.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

The business has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $13.43.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FOF. Bank of America Corp DE increased its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 1.8% in the first quarter. Bank of America Corp DE now owns 551,868 shares of the company’s stock valued at $7,080,000 after buying an additional 9,495 shares in the last quarter. Shaker Financial Services LLC grew its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 889.1% in the 3rd quarter. Shaker Financial Services LLC now owns 124,694 shares of the company’s stock worth $1,555,000 after acquiring an additional 112,087 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 81,173 shares of the company’s stock worth $1,012,000 after acquiring an additional 3,951 shares during the last quarter. Financial Alternatives Inc acquired a new stake in shares of Cohen & Steers Closed-End Opportunity Fund during the second quarter worth $608,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Cohen & Steers Closed-End Opportunity Fund during the third quarter valued at $468,000.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) is a closed-end management investment company that seeks to provide investors with a combination of high current income and total return. The fund is advised by Cohen & Steers Capital Management, an investment manager specializing in listed real assets, income-oriented strategies and closed-end funds. FOF invests primarily in a diversified portfolio of other closed-end funds. These underlying funds may provide exposure to equity, fixed-income and other income-producing securities, allowing FOF to offer access to multiple investment strategies through a single publicly traded vehicle.