Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) Stock Short Interest Report for September

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 47,341 shares, a growth of 243.5% from the September 15th total of 13,781 shares. Based on an average daily trading volume, of 79,364 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in Cohen & Steers Closed-End Opportunity Fund by 1.8% during the first quarter. Bank of America Corp DE now owns 551,868 shares of the company’s stock valued at $7,080,000 after purchasing an additional 9,495 shares in the last quarter. Financial Alternatives Inc bought a new stake in Cohen & Steers Closed-End Opportunity Fund in the second quarter worth $608,000. Kestra Advisory Services LLC boosted its position in Cohen & Steers Closed-End Opportunity Fund by 2.9% during the first quarter. Kestra Advisory Services LLC now owns 33,876 shares of the company’s stock valued at $435,000 after buying an additional 966 shares during the period. Fifth Third Bancorp purchased a new stake in Cohen & Steers Closed-End Opportunity Fund during 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 Cohen & Steers Closed-End Opportunity Fund during the second quarter valued at about $176,000.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

Shares of Cohen & Steers Closed-End Opportunity Fund stock traded down $0.08 on Tuesday, hitting $12.38. 18,339 shares of the company traded hands, compared to its average volume of 70,587. The firm’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $13.42. Cohen & Steers Closed-End Opportunity Fund has a 12-month low of $12.12 and a 12-month high of $15.04.

About Cohen & Steers Closed-End Opportunity Fund

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

FOF invests primarily in a diversified portfolio of other closed-end funds. These underlying funds may provide exposure to equity securities, fixed-income investments, preferred securities, convertible securities and other income-oriented assets.