Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declines By 23.7%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 35,100 shares, a decrease of 23.7% from the September 30th total of 46,000 shares. Based on an average trading volume of 75,500 shares, the short-interest ratio is currently 0.5 days.

Saba Capital Income & Opportunities Fund II Trading Down 0.1 %

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.01 during trading on Friday, hitting $8.45. The stock had a trading volume of 31,824 shares, compared to its average volume of 81,832. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $8.73. The business’s 50-day moving average is $8.49 and its 200 day moving average is $8.02.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 8.24%. The ex-dividend date is Wednesday, October 9th.

Insiders Place Their Bets

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of Saba Capital Income & Opportunities Fund II stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.48, for a total transaction of $278,746.08. Following the completion of the transaction, the insider now owns 3,158,589 shares of the company’s stock, valued at $26,784,834.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 180,112 shares of company stock worth $1,523,150 over the last 90 days. Corporate insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock valued at $36,000 after buying an additional 3,755 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $83,000. Gilman Hill Asset Management LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at $85,000. HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth $98,000. Finally, Patron Partners LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at about $144,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

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.