Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Short Interest Update

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 15,500 shares, a drop of 51.3% from the January 31st total of 31,800 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is currently 0.3 days.

Cohen & Steers Closed-End Opportunity Fund Price Performance

NYSE FOF remained flat at $12.37 during trading hours on Friday. 53,288 shares of the company were exchanged, compared to its average volume of 47,751. The company’s 50 day simple moving average is $12.65 and its two-hundred day simple moving average is $12.77. Cohen & Steers Closed-End Opportunity Fund has a 1-year low of $11.00 and a 1-year high of $13.39.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.087 per share. The ex-dividend date was Tuesday, January 14th. This represents a yield of 8.25%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FOF. Ameriflex Group Inc. bought a new position in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth approximately $93,000. Bay Capital Advisors LLC bought a new position in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth approximately $127,000. Sargent Investment Group LLC bought a new position in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth approximately $140,000. Level Four Advisory Services LLC raised its holdings in Cohen & Steers Closed-End Opportunity Fund by 16.3% during the 4th quarter. Level Four Advisory Services LLC now owns 11,944 shares of the company’s stock worth $152,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Kapstone Financial Advisors LLC raised its holdings in Cohen & Steers Closed-End Opportunity Fund by 17.2% during the 3rd quarter. Kapstone Financial Advisors LLC now owns 13,650 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares during the last quarter.

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.