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 increase in short interest in November. As of November 30th, there was short interest totalling 83,200 shares, an increase of 7.4% from the November 15th total of 77,500 shares. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is currently 1.9 days.

Cohen & Steers Closed-End Opportunity Fund Price Performance

Shares of NYSE FOF traded down $0.28 during trading on Tuesday, hitting $12.71. 70,411 shares of the company were exchanged, compared to its average volume of 50,156. Cohen & Steers Closed-End Opportunity Fund has a 1 year low of $10.90 and a 1 year high of $13.39. The firm’s fifty day moving average price is $13.03 and its 200 day moving average price is $12.52.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $0.087 dividend. This represents a dividend yield of 8.02%. The ex-dividend date was Tuesday, October 15th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the third quarter valued at approximately $28,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter worth $78,000. Kapstone Financial Advisors LLC purchased a new stake in Cohen & Steers Closed-End Opportunity Fund in the 2nd quarter valued at about $139,000. Saxony Capital Management LLC increased its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 5.2% during the 2nd quarter. Saxony Capital Management LLC now owns 25,493 shares of the company’s stock valued at $305,000 after acquiring an additional 1,250 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter worth about $615,000.

Cohen & Steers Closed-End Opportunity Fund Company Profile

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.