Institutional Investors Are Selling Special Opportunities Fund Inc (NYSE:SPE)

June 19, 2017 - By Adrian Mccoy

 Institutional Investors Are Selling Special Opportunities Fund Inc (NYSE:SPE)

Sentiment for Special Opportunities Fund Inc (NYSE:SPE)

Special Opportunities Fund Inc (NYSE:SPE) institutional sentiment decreased to 0.24 in Q4 2016. Its down -0.46, from 0.7 in 2016Q3. The ratio has dropped, as 4 institutional investors opened new or increased positions, while 17 cut down and sold their positions in Special Opportunities Fund Inc. The institutional investors in our partner’s database now possess: 1.64 million shares, down from 2.02 million shares in 2016Q3. Also, the number of institutional investors holding Special Opportunities Fund Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 1 Reduced: 16 Increased: 2 New Position: 2.

Special Opportunities Fund, Inc. is a diversified closed-end management investment company. The company has market cap of $146.30 million. The Fund’s investment objective is to achieve total return. It currently has negative earnings. The Fund’s investment portfolio consists of investment companies, common stocks, commodity partnerships, preferred stocks, money market funds, corporate notes, liquidating trusts, corporate bonds, promissory notes, senior unsecured notes, warrants and rights.

It closed at $15.11 lastly. It is down 13.45% since June 19, 2016 and is uptrending. It has underperformed by 3.25% the S&P500.

Blue Bell Private Wealth Management Llc holds 1.87% of its portfolio in Special Opportunities Fund Inc. for 225,155 shares. Shaker Financial Services Llc owns 61,547 shares or 0.5% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.45% invested in the company for 71,059 shares. The Us-based Ancora Advisors Llc has invested 0.29% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 226,644 shares.#img1#

More notable recent Special Opportunities Fund Inc. (NYSE:SPE) news were published by: Marketwatch.com which released: “15.11” on June 07, 2011, also Benzinga.com with their article: “The Bulldogs Of Closed-End Fund Investing” published on March 21, 2016, Businesswire.com published: “Special Opportunities Fund, Inc. Announces Tender Offer” on September 21, 2016. More interesting news about Special Opportunities Fund Inc. (NYSE:SPE) were released by: Businesswire.com and their article: “Special Opportunities Fund, Inc. Commences Rights Offering” published on July 15, 2016 as well as Seekingalpha.com‘s news article titled: “Special Opportunities Fund: Pure Alpha Generator” with publication date: November 03, 2013.

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