Special Opportunities Fund, Inc. (NYSE:SPE) Sees Significant Increase in Short Interest

03 Mar 2026, 15:48 by Jessica Moore · The Cerbat Gem

Special Opportunities Fund, Inc. (NYSE:SPE – Get Free Report) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 56,779 shares, an increase of 43.9% from the January 29th total of 39,446 shares. Based on an average trading volume of 60,514 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 60,514 shares, the days-to-cover ratio is presently 0.9 days.

Insider Activity at Special Opportunities Fund

In related news, President Andrew Dakos sold 4,098 shares of the stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $14.66, for a total value of $60,076.68. Following the sale, the president owned 6,064 shares of the company’s stock, valued at $88,898.24. This trade represents a 40.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. First Manhattan CO. LLC. increased its holdings in shares of Special Opportunities Fund by 27.0% during the fourth quarter. First Manhattan CO. LLC. now owns 40,010 shares of the closed-end fund’s stock valued at $620,000 after purchasing an additional 8,500 shares during the period. Cetera Investment Advisers grew its position in Special Opportunities Fund by 19.4% in the 4th quarter. Cetera Investment Advisers now owns 38,001 shares of the closed-end fund’s stock valued at $558,000 after buying an additional 6,175 shares in the last quarter. NBC Securities Inc. increased its stake in Special Opportunities Fund by 21.8% during the 4th quarter. NBC Securities Inc. now owns 19,770 shares of the closed-end fund’s stock valued at $290,000 after buying an additional 3,539 shares during the period. Scotia Capital Inc. increased its stake in Special Opportunities Fund by 1.2% during the 3rd quarter. Scotia Capital Inc. now owns 107,016 shares of the closed-end fund’s stock valued at $1,659,000 after buying an additional 1,270 shares during the period. Finally, MAI Capital Management raised its position in shares of Special Opportunities Fund by 38.6% during the 3rd quarter. MAI Capital Management now owns 5,203 shares of the closed-end fund’s stock worth $81,000 after buying an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 35.60% of the company’s stock.

Special Opportunities Fund Price Performance

NYSE SPE traded down $0.08 on Tuesday, hitting $14.77. The stock had a trading volume of 40,249 shares, compared to its average volume of 44,555. The company’s 50-day moving average is $14.97 and its two-hundred day moving average is $15.25. Special Opportunities Fund has a one year low of $12.72 and a one year high of $15.98.

Special Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.1087 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, March 17th.

About Special Opportunities Fund

(Get Free Report)

Special Opportunities Fund (NYSE: SPE) is a closed-end management investment company that seeks to deliver attractive total return by investing across corporate capital structures. The fund primarily allocates capital to debt and equity securities of both public and private issuers, with a focus on special situations, distressed credits and event-driven opportunities.