Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Drops By 66.5%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 10,900 shares, a drop of 66.5% from the February 28th total of 32,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 102,300 shares, the days-to-cover ratio is currently 0.1 days.

Saba Capital Income & Opportunities Fund II Trading Up 0.5 %

SABA stock traded up $0.04 during midday trading on Friday, reaching $8.75. 63,018 shares of the stock were exchanged, compared to its average volume of 97,789. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.40 and a 52 week high of $9.43. The company has a fifty day moving average price of $9.03 and a 200 day moving average price of $8.83.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be given a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 7.95%. The ex-dividend date is Tuesday, March 11th.

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

A number of institutional investors have recently modified their holdings of the company. Comprehensive Money Management Services LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter worth about $1,001,000. Jefferies Financial Group Inc. bought a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth $226,000. Shufro Rose & Co. LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the fourth quarter worth $122,000. K2 Principal Fund L.P. raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 15.0% during the fourth quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company’s stock valued at $208,000 after purchasing an additional 3,000 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 9.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company’s stock worth $6,861,000 after purchasing an additional 65,881 shares in the last quarter. 22.22% of the stock is owned by institutional investors.

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.