Today’s Stock Alert: Special Opportunities Fund 2016 Q2 Institutional Investor Sentiment Worse Than Expected

November 16, 2016 - By Ellis Scott   ·   0 Comments

Today's Stock Alert: Special Opportunities Fund  2016 Q2 Institutional Investor Sentiment  Worse Than Expected

Sentiment for Special Opportunities Fund (NYSE:SPE)

Special Opportunities Fund (NYSE:SPE) institutional sentiment decreased to 0.62 in Q2 2016. Its down -0.07, from 0.69 in 2016Q1. The ratio is negative, as 8 institutional investors opened new or increased holdings, while 13 decreased and sold their equity positions in Special Opportunities Fund. The institutional investors in our partner’s database now own: 2.08 million shares, up from 2.08 million shares in 2016Q1. Also, the number of institutional investors holding Special Opportunities Fund in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 4 Reduced: 9 Increased: 5 New Position: 3.

Special Opportunities Fund, Inc. is a diversified closed-end management investment company. The company has a market cap of $136.45 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, liquidation claims, corporate bonds, promissory notes, warrants and rights.

About 3,452 shares traded hands. Special Opportunities Fund Inc. (NYSE:SPE) has risen 5.67% since April 14, 2016 and is uptrending. It has outperformed by 0.98% the S&P500.

Blue Bell Private Wealth Management Llc holds 2.6% of its portfolio in Special Opportunities Fund Inc. for 293,662 shares. Shaker Financial Services Llc owns 83,484 shares or 0.8% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.65% invested in the company for 89,547 shares. The Michigan-based Financial & Investment Management Group Ltd has invested 0.59% in the stock. Ancora Advisors Llc, a Us-based fund reported 331,718 shares.#img1#

SPE Company Profile

Special Opportunities Fund, Inc. (the Fund), formerly Insured Municipal Income Fund Inc., incorporated on February 18, 1993, is a closed-end diversified management investment company. The Fund’s investment objective is to achieve total return.

More notable recent Special Opportunities Fund Inc. (NYSE:SPE) news were published by: Businesswire.com which released: “Special Opportunities Fund, Inc. Annual Stockholders Meeting” on November 15, 2016, also Businesswire.com with their article: “Special Opportunities Fund, Inc. Commences Rights Offering” published on July 15, 2016, Businesswire.com published: “Special Opportunities Fund, Inc. Announces Completion of Rights Offering” on August 29, 2016. More interesting news about Special Opportunities Fund Inc. (NYSE:SPE) were released by: Finance.Yahoo.com and their article: “Special Opportunities Fund, Inc. Announces Tender Offer” published on September 21, 2016 as well as Businesswire.com‘s news article titled: “Special Opportunities Fund, Inc. Rights Offering Update” with publication date: July 27, 2016.

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By Ellis Scott

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