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

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 9,000 shares, a drop of 41.9% from the February 13th total of 15,500 shares. Based on an average daily volume of 49,000 shares, the short-interest ratio is currently 0.2 days.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

Shares of NYSE:FOF traded up $0.14 during mid-day trading on Friday, reaching $11.97. 30,292 shares of the company were exchanged, compared to its average volume of 47,744. Cohen & Steers Closed-End Opportunity Fund has a 1 year low of $11.00 and a 1 year high of $13.39. The firm’s 50-day simple moving average is $12.54 and its 200 day simple moving average is $12.76.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of FOF. Ameriflex Group Inc. purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund in the 4th quarter valued at $93,000. EP Wealth Advisors LLC boosted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 19.3% in the fourth quarter. EP Wealth Advisors LLC now owns 17,016 shares of the company’s stock valued at $216,000 after acquiring an additional 2,750 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 4.5% in the fourth quarter. Cetera Investment Advisers now owns 22,112 shares of the company’s stock valued at $281,000 after acquiring an additional 946 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 8.4% in the fourth quarter. Bank of America Corp DE now owns 522,690 shares of the company’s stock valued at $6,638,000 after acquiring an additional 40,310 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 9.8% in the fourth quarter. Comerica Bank now owns 38,651 shares of the company’s stock valued at $491,000 after purchasing an additional 3,451 shares during the period.

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.