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

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 25,329 shares, a drop of 45.1% from the July 30th total of 46,112 shares. Based on an average daily volume of 45,178 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Cohen & Steers Closed-End Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in Cohen & Steers Closed-End Opportunity Fund by 1.8% in the first quarter. Bank of America Corp DE now owns 551,868 shares of the company’s stock valued at $7,080,000 after buying an additional 9,495 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Cohen & Steers Closed-End Opportunity Fund by 13.1% during the 3rd quarter. Raymond James Financial Inc. now owns 372,929 shares of the company’s stock worth $4,863,000 after acquiring an additional 43,214 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 328,068 shares of the company’s stock valued at $4,331,000 after acquiring an additional 28,811 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 8.0% in the 4th quarter. Royal Bank of Canada now owns 255,818 shares of the company’s stock valued at $3,377,000 after acquiring an additional 18,849 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Cohen & Steers Closed-End Opportunity Fund by 2.0% during the 4th quarter. UBS Group AG now owns 249,572 shares of the company’s stock worth $3,294,000 after acquiring an additional 4,967 shares in the last quarter.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

Shares of FOF traded up $0.05 during midday trading on Friday, hitting $13.59. The company had a trading volume of 36,519 shares, compared to its average volume of 70,840. Cohen & Steers Closed-End Opportunity Fund has a 1 year low of $12.50 and a 1 year high of $15.04. The company’s 50-day simple moving average is $13.63 and its 200-day simple moving average is $13.71.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.087 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, September 8th.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) is a diversified, closed-end management investment company that seeks total return through a portfolio of publicly traded closed-end funds. The fund primarily targets taxable closed-end vehicles spanning equity, fixed income, and real estate investment strategies, aiming to capture discounts to net asset value and generate competitive current income over a full market cycle.

FOF’s investment approach combines sector allocation and relative-value analysis to select closed-end funds across domestic and international markets.