Saba Capital Income & Opportunities Fund II (NYSE:SABA) Sees Significant Drop in Short Interest

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 11,811 shares, a drop of 61.7% from the December 15th total of 30,873 shares. Based on an average daily volume of 111,929 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 111,929 shares, the days-to-cover ratio is currently 0.1 days.

Saba Capital Income & Opportunities Fund II Trading Down 0.1%

Shares of SABA traded down $0.01 during midday trading on Friday, hitting $8.31. The company’s stock had a trading volume of 47,333 shares, compared to its average volume of 77,656. The company’s fifty day simple moving average is $8.57 and its two-hundred day simple moving average is $8.94. Saba Capital Income & Opportunities Fund II has a one year low of $7.72 and a one year high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be given a $0.058 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a c) annualized dividend and a yield of 8.4%.

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

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at $76,000. Abel Hall LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $92,000. Shrier Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth about $94,000. Joel Isaacson & Co. LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at approximately $105,000. Finally, HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at $114,000. 22.22% of the stock is currently 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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.