Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declares Monthly Dividend of $0.06

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 10th will be paid a dividend of 0.058 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, February 10th.

Saba Capital Income & Opportunities Fund II Stock Up 1.2%

SABA traded up $0.10 during midday trading on Tuesday, hitting $8.20. The stock had a trading volume of 1,873 shares, compared to its average volume of 118,023. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.72 and a 1 year high of $9.46. The business has a fifty day moving average of $8.45 and a 200 day moving average of $8.85.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 45.3% in the fourth quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock worth $99,000 after buying an additional 3,750 shares during the period. Comprehensive Money Management Services LLC grew its position in Saba Capital Income & Opportunities Fund II by 5.2% during the 4th quarter. Comprehensive Money Management Services LLC now owns 114,923 shares of the company’s stock worth $948,000 after acquiring an additional 5,715 shares during the last quarter. Shrier Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $94,000. Hara Capital LLC lifted its position in Saba Capital Income & Opportunities Fund II by 62.1% in the fourth quarter. Hara Capital LLC now owns 124,911 shares of the company’s stock valued at $1,031,000 after purchasing an additional 47,836 shares during the last quarter. Finally, TrueMark Investments LLC lifted its position in Saba Capital Income & Opportunities Fund II by 2.5% in the fourth quarter. TrueMark Investments LLC now owns 213,261 shares of the company’s stock valued at $1,759,000 after purchasing an additional 5,247 shares during the last quarter. 22.22% of the stock is currently owned by hedge funds and other 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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.