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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 13,959 shares, a decline of 42.4% from the May 14th total of 24,233 shares. Based on an average trading volume of 58,807 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several institutional investors and hedge funds have recently modified their holdings of the stock. Shrier Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $94,000. Farther Finance Advisors LLC raised its stake in 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 in the last quarter. Landscape Capital Management L.L.C. bought a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $116,000. Capital Investment Advisors LLC bought a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $119,000. Finally, Uhlmann Price Securities LLC bought a new position in Saba Capital Income & Opportunities Fund II in the third quarter worth approximately $127,000. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of Saba Capital Income & Opportunities Fund II stock traded up $0.02 on Tuesday, hitting $8.32. 46,084 shares of the company traded hands, compared to its average volume of 45,674. The stock’s 50 day moving average price is $8.43 and its 200-day moving average price is $8.34. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.96 and a 52 week high of $9.46.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, June 9th.

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.