Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Stock Short Interest Declines 44.4%

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 13,781 shares, a drop of 44.4% from the August 31st total of 24,785 shares. Based on an average daily volume of 68,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Cohen & Steers Closed-End Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in Cohen & Steers Closed-End Opportunity Fund by 1.8% during the 1st 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 during the period. Financial Alternatives Inc bought a new position in Cohen & Steers Closed-End Opportunity Fund in the 2nd quarter valued at approximately $608,000. Kestra Advisory Services LLC grew its position in Cohen & Steers Closed-End Opportunity Fund by 2.9% in the 1st quarter. Kestra Advisory Services LLC now owns 33,876 shares of the company’s stock worth $435,000 after purchasing an additional 966 shares during the period. Fifth Third Bancorp bought a new position in Cohen & Steers Closed-End Opportunity Fund in the first quarter valued at about $426,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the 2nd quarter worth $176,000.

Cohen & Steers Closed-End Opportunity Fund Trading Up 0.8%

Shares of FOF stock traded up $0.10 on Wednesday, reaching $12.44. 129,448 shares of the stock were exchanged, compared to its average volume of 71,127. Cohen & Steers Closed-End Opportunity Fund has a one year low of $12.12 and a one year high of $15.04. The stock has a 50 day moving average price of $13.23 and a 200 day moving average price of $13.47.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be given a dividend of $0.0870 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Tuesday, December 8th.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) is a diversified closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide investors with current income and total return through a portfolio of closed-end funds and other income-oriented investments.

The fund invests across a range of asset classes and strategies, including equity, fixed-income and real asset-focused closed-end funds. Its portfolio may include funds that invest in areas such as real estate, infrastructure, preferred securities, business development companies and other income-producing securities, allowing FOF to provide exposure to multiple market segments through a single investment vehicle.

FOF may invest in both U.S.