Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Sees Large Increase in Short Interest

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 18,400 shares, a growth of 104.4% from the February 28th total of 9,000 shares. Based on an average daily trading volume, of 46,500 shares, the short-interest ratio is presently 0.4 days.

Cohen & Steers Closed-End Opportunity Fund Trading Down 0.7 %

FOF stock traded down $0.09 during midday trading on Friday, reaching $12.11. 64,245 shares of the company’s stock traded hands, compared to its average volume of 47,261. Cohen & Steers Closed-End Opportunity Fund has a 52 week low of $11.00 and a 52 week high of $13.39. The company has a 50-day moving average price of $12.40 and a two-hundred day moving average price of $12.73.

Cohen & Steers Closed-End Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.087 per share. This represents a $1.04 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Tuesday, April 8th.

Institutional Investors Weigh In On Cohen & Steers Closed-End Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriflex Group Inc. bought a new stake in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth approximately $93,000. Bay Capital Advisors LLC purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the 4th quarter valued at $127,000. Sargent Investment Group LLC bought a new position in shares of Cohen & Steers Closed-End Opportunity Fund in the fourth quarter worth $140,000. Level Four Advisory Services LLC raised its position in shares of Cohen & Steers Closed-End Opportunity Fund by 16.3% in the fourth quarter. Level Four Advisory Services LLC now owns 11,944 shares of the company’s stock worth $152,000 after buying an additional 1,672 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Cohen & Steers Closed-End Opportunity Fund by 19.3% during the fourth quarter. EP Wealth Advisors LLC now owns 17,016 shares of the company’s stock valued at $216,000 after buying an additional 2,750 shares during the period.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.