Saba Capital Income & Opportunities Fund II (NYSE:SABA – Get Free Report) major shareholder Saba Capital Management, L.P. sold 70,046 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total value of $586,985.48. Following the completion of the sale, the insider now directly owns 3,346,812 shares of the company’s stock, valued at approximately $28,046,284.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38.
Saba Capital Income & Opportunities Fund II Stock Performance
Saba Capital Income & Opportunities Fund II stock opened at $8.42 on Friday. The company’s 50-day moving average is $8.36 and its 200-day moving average is $7.88. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.65.
Saba Capital Income & Opportunities Fund II Dividend Announcement
Institutional Trading of Saba Capital Income & Opportunities Fund II
Hedge funds have recently made changes to their positions in the business. Family Firm Inc. bought a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at $83,000. HB Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at about $98,000. Patron Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the second quarter worth approximately $144,000. Rock Point Advisors LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth approximately $162,000. Finally, Melfa Wealth Management Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $188,000. 22.22% of the stock is owned by institutional investors and hedge funds.
About Saba Capital Income & Opportunities Fund II
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.
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