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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 7,106 shares, a decrease of 51.5% from the August 15th total of 14,657 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 57,473 shares, the short-interest ratio is currently 0.1 days.

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

Several institutional investors have recently added to or reduced their stakes in SABA. Integrated Wealth Concepts LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at about $42,000. Royal Bank of Canada grew its position in Saba Capital Income & Opportunities Fund II by 227.5% during the 1st quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock worth $189,000 after purchasing an additional 15,815 shares during the last quarter. Private Advisor Group LLC grew its position in Saba Capital Income & Opportunities Fund II by 10.1% during the 1st quarter. Private Advisor Group LLC now owns 87,448 shares of the company’s stock worth $728,000 after purchasing an additional 8,000 shares during the last quarter. Comprehensive Money Management Services LLC increased its stake in Saba Capital Income & Opportunities Fund II by 9.5% during the 1st quarter. Comprehensive Money Management Services LLC now owns 125,898 shares of the company’s stock valued at $1,047,000 after purchasing an additional 10,975 shares in the last quarter. Finally, Doliver Advisors LP acquired a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at approximately $1,169,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of SABA traded up $0.01 during midday trading on Wednesday, hitting $8.01. 38,241 shares of the company’s stock traded hands, compared to its average volume of 54,177. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.80 and a 1 year high of $9.20. The firm’s fifty day moving average is $8.24 and its 200-day moving average is $8.30.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

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.