Flax Pond Capital LLC Makes New Investment in Saba Capital Income & Opportunities Fund II $SABA

Flax Pond Capital LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 282,533 shares of the company’s stock, valued at approximately $2,331,000. Saba Capital Income & Opportunities Fund II makes up approximately 1.7% of Flax Pond Capital LLC’s investment portfolio, making the stock its 28th biggest position. Flax Pond Capital LLC owned about 1.00% of Saba Capital Income & Opportunities Fund II as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Seven Mile Advisory bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the third quarter valued at about $2,222,000. Closed End Fund Advisors Inc. acquired a new stake in Saba Capital Income & Opportunities Fund II during the fourth quarter valued at approximately $1,537,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Saba Capital Income & Opportunities Fund II by 34.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 267,589 shares of the company’s stock valued at $2,208,000 after purchasing an additional 69,026 shares during the period. Quantify Chaos Advisors LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at approximately $1,453,000. Finally, Choreo LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 3.0% in the 3rd quarter. Choreo LLC now owns 136,314 shares of the company’s stock worth $1,243,000 after buying an additional 3,925 shares in the last quarter. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Up 0.1%

Shares of NYSE SABA opened at $8.21 on Friday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.96 and a 1-year high of $9.46. The company has a 50-day moving average of $8.42 and a two-hundred day moving average of $8.33.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.058 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, June 9th.

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.