Saba Capital Income & Opportunities Fund II (NYSE:SABA) Shares Down 0.1% – Here’s What Happened

Shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) dropped 0.1% on Wednesday . The company traded as low as $8.29 and last traded at $8.3350. Approximately 39,231 shares traded hands during trading, a decline of 35% from the average session volume of 60,242 shares. The stock had previously closed at $8.34.

Saba Capital Income & Opportunities Fund II Trading Down 0.1%

The firm’s 50-day moving average price is $8.34 and its two-hundred day moving average price is $8.28.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 9th will be paid a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Thursday, July 9th.

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

Large investors have recently bought and sold shares of the stock. Shrier Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $94,000. Farther Finance Advisors LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 45.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock valued at $99,000 after purchasing an additional 3,750 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $116,000. Capital Investment Advisors LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $119,000. Finally, Gilman Hill Asset Management LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 16.7% in the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock valued at $144,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 22.22% of the company’s stock.

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.