Fund

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Stock Crosses Above Fifty Day Moving Average of $3.22

3 weeks ago Amanda T. Noriega

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.22 and traded as high as $3.44. First Trust Specialty Finance and Financial Opportunities Fund shares last traded at $3.38, with a volume of 48,278 shares trading hands.

The company’s fifty day moving average is $3.22 and its two-hundred day moving average is $2.91.

Several large investors have recently bought and sold shares of FGB. Morgan Stanley lifted its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 62.7% during the 3rd quarter. Morgan Stanley now owns 159,199 shares of the closed-end fund’s stock valued at $365,000 after acquiring an additional 61,346 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of First Trust Specialty Finance and Financial

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Drawbridge Special Opportunities Fund LP and Drawbridge Special Opportunities Finance Corporation Announce Cash Tender Offer for Any and All of Their 5.00% Senior Notes Due 2021

3 weeks ago Amanda T. Noriega

NEW YORK–(BUSINESS WIRE)–Drawbridge Special Opportunities Fund LP and Drawbridge Special Opportunities Finance Corporation (together, the “Co-Issuers”) today announced that they have commenced a cash tender offer (the “Tender Offer”) for any and all of their outstanding 5.00% Senior Notes due 2021 (the “Notes”), upon the terms and conditions described in the Co-Issuers’ Offer to Purchase, dated January 19, 2021 (as amended or supplemented, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).

The Tender Offer will expire at 5:00 p.m., New York City time, on January 25, 2021, unless extended by the Co-Issuers in their sole discretion (such date and time, as the same may be extended, the “Expiration Time”). Holders who (i) validly tender their Notes prior to the Expiration Time or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and all other required documents on

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John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Pass Above Fifty Day Moving Average of $31.32

3 weeks ago Amanda T. Noriega

John Hancock Financial Opportunities Fund (NYSE:BTO)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $31.32 and traded as high as $31.83. John Hancock Financial Opportunities Fund shares last traded at $30.78, with a volume of 46,895 shares traded.

The company’s 50 day simple moving average is $31.32 and its 200 day simple moving average is $25.45.

Large investors have recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC acquired a new position in John Hancock Financial Opportunities Fund during the 3rd quarter worth $38,000. D.A. Davidson & CO. grew its position in shares of John Hancock Financial Opportunities Fund by 5.9% during the third quarter. D.A. Davidson & CO. now owns 11,302 shares of the financial services provider’s stock worth $242,000 after buying an additional 627 shares in the

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Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Shares Bought by SPC Financial Inc.

3 weeks ago Amanda T. Noriega

SPC Financial Inc. raised its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 14.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,100 shares of the company’s stock after acquiring an additional 1,500 shares during the period. SPC Financial Inc.’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 6.8% during the 3rd quarter. Private Advisor Group LLC now owns 94,475 shares of the company’s stock worth $1,124,000 after buying an additional 5,999 shares during the period. US Bancorp DE raised its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 14.7% during the 3rd quarter. US Bancorp DE now

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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends

3 weeks ago Amanda T. Noriega

CHICAGO–(BUSINESS WIRE)–Jan 21, 2021–

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation are each pleased to announce the declaration of preferred dividends for the first quarter of 2021, as detailed below.

The Board of Directors of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has declared a quarterly cash dividend of $0.27344 per share of the Fund’s 4.375% Series A Cumulative Preferred Stock (NYSE: OPPPRA).

The Board of Directors of RiverNorth Specialty Finance Corporation has declared a quarterly cash dividend of $0.36719 per share of the Fund’s 5.875% Series A Term Preferred Stock (NYSE: RPML).

The following dates apply to each dividend declared:



Ex Date

Record Date

Payable Date

February 1, 2021

February 2, 2021

February 16, 2021

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $4.4 billion 1 in assets under management as of December 31, 2020, RiverNorth specializes in opportunistic investment strategies

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Short Interest in John Hancock Financial Opportunities Fund (NYSE:BTO) Declines By 51.1%

3 weeks ago Amanda T. Noriega

John Hancock Financial Opportunities Fund (NYSE:BTO) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 45,900 shares, a decrease of 51.1% from the December 31st total of 93,900 shares. Based on an average daily trading volume, of 79,200 shares, the days-to-cover ratio is currently 0.6 days.

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in shares of John Hancock Financial Opportunities Fund by 35.9% during the 1st quarter. First Trust Advisors LP now owns 30,061 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 7,944 shares during the period. Bank of America Corp DE raised its position in John Hancock Financial Opportunities Fund by 8.2% in the 2nd quarter. Bank of America Corp DE now owns 175,597 shares of

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