Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 32,500 shares, a drop of 17.7% from the February 13th total of 39,500 shares. Based on an average daily volume of 108,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of large investors have recently made changes to their positions in SABA. Penserra Capital Management LLC bought a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth about $4,780,000. Rivernorth Capital Management LLC lifted its stake in Saba Capital Income & Opportunities Fund II by 37.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock valued at $38,940,000 after purchasing an additional 1,246,847 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at about $5,836,000. Noble Wealth Management PBC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $151,000. Finally, Choreo LLC lifted its stake in Saba Capital Income & Opportunities Fund II by 74.9% in the 4th quarter. Choreo LLC now owns 200,876 shares of the company’s stock valued at $1,813,000 after purchasing an additional 86,036 shares during the last quarter. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of SABA traded down $0.01 during trading hours on Tuesday, reaching $8.72. The stock had a trading volume of 103,884 shares, compared to its average volume of 99,356. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.40 and a 52 week high of $9.43. The firm has a 50-day moving average of $9.07 and a 200 day moving average of $8.82.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend is Tuesday, March 11th.

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.