Saba Capital Income & Opportunities Fund II (NYSE:SABA) Sees Large Decrease in Short Interest

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 13,959 shares, a drop of 42.4% from the May 14th total of 24,233 shares. Based on an average daily volume of 58,807 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

Institutional investors and hedge funds have recently bought and sold shares of the business. Shrier Wealth Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $94,000. Farther Finance Advisors LLC boosted its position in Saba Capital Income & Opportunities Fund II by 45.3% during the fourth quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock worth $99,000 after acquiring an additional 3,750 shares during the last quarter. Uhlmann Price Securities LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the third quarter worth about $127,000. Landscape Capital Management L.L.C. acquired a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $116,000. Finally, Capital Investment Advisors LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $119,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Trading Down 0.1%

Shares of NYSE SABA opened at $8.28 on Friday. The company’s 50-day simple moving average is $8.44 and its 200-day simple moving average is $8.35. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.96 and a 52-week high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 8.4%.

Saba Capital Income & Opportunities Fund II Company Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.