Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Short Interest Up 104.4% in March

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 18,400 shares, an increase 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 currently 0.4 days.

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

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 18.1% in the fourth quarter. LPL Financial LLC now owns 913,599 shares of the company’s stock worth $11,603,000 after purchasing an additional 139,779 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 8.4% during the 4th quarter. Bank of America Corp DE now owns 522,690 shares of the company’s stock worth $6,638,000 after purchasing an additional 40,310 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund in the 4th quarter worth about $3,532,000. Thrivent Financial for Lutherans grew its position in Cohen & Steers Closed-End Opportunity Fund by 7.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 117,093 shares of the company’s stock valued at $1,487,000 after buying an additional 7,928 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in Cohen & Steers Closed-End Opportunity Fund by 69.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 80,077 shares of the company’s stock worth $1,017,000 after buying an additional 32,794 shares during the last quarter.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

FOF traded down $0.09 during trading on Friday, reaching $12.11. 64,245 shares of the stock traded hands, compared to its average volume of 47,261. The stock’s 50-day moving average is $12.40 and its 200 day moving average is $12.73. Cohen & Steers Closed-End Opportunity Fund has a 12 month low of $11.00 and a 12 month high of $13.39.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

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

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.