Special Opportunities Fund (NYSE:SPE) Stock Price Passes Above Fifty Day Moving Average of $13.88

Special Opportunities Fund, Inc. (NYSE:SPE) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.88 and traded as high as $13.82. Special Opportunities Fund shares last traded at $13.70, with a volume of 801 shares.

The firm’s 50 day moving average is $13.88 and its two-hundred day moving average is $13.51.

In other news, insider Gerald Hellerman purchased 2,700 shares of the stock in a transaction on Thursday, July 25th. The stock was bought at an average price of $13.98 per share, for a total transaction of $37,746.00. Following the acquisition, the insider now directly owns 29,483 shares of the company’s stock, valued at approximately $412,172.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. grew its holdings in Special Opportunities Fund by 3.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 31,599 shares of the closed-end fund’s stock worth $435,000 after acquiring an additional 1,045 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Special Opportunities Fund by 250.0% during the 2nd quarter. Lindbrook Capital LLC now owns 4,200 shares of the closed-end fund’s stock worth $57,000 after acquiring an additional 3,000 shares in the last quarter. Ancora Advisors LLC grew its holdings in Special Opportunities Fund by 3.0% during the 2nd quarter. Ancora Advisors LLC now owns 101,568 shares of the closed-end fund’s stock worth $1,397,000 after acquiring an additional 3,000 shares in the last quarter. Calton & Associates Inc. acquired a new position in Special Opportunities Fund during the 1st quarter worth approximately $144,000. Finally, Scotia Capital Inc. grew its holdings in Special Opportunities Fund by 46.0% during the 2nd quarter. Scotia Capital Inc. now owns 50,702 shares of the closed-end fund’s stock worth $697,000 after acquiring an additional 15,977 shares in the last quarter. Institutional investors own 48.66% of the company’s stock.

Special Opportunities Fund Company Profile (NYSE:SPE)

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.

Further Reading: How much money do you need to begin day trading?

Receive News & Ratings for Special Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Special Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.