Special Opportunities Fund (SPE) Hits New 1-Year Low at $14.21

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Special Opportunities Fund, Inc. (NYSE:SPE)’s share price reached a new 52-week low on Thursday . The stock traded as low as $14.21 and last traded at $14.35, with a volume of 8200 shares trading hands. The stock had previously closed at $14.50.

A hedge fund recently raised its stake in Special Opportunities Fund stock. Sit Investment Associates Inc. raised its holdings in shares of Special Opportunities Fund, Inc. (NYSE:SPE) by 22.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,125 shares of the closed-end fund’s stock after acquiring an additional 104,919 shares during the quarter. Sit Investment Associates Inc. owned approximately 6.66% of Special Opportunities Fund worth $8,518,000 as of its most recent filing with the Securities and Exchange Commission. 46.46% of the stock is owned by institutional investors.

About Special Opportunities Fund (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.

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