Saba Capital Income & Opportunities Fund II (NYSE:SABA) Shares Shorted: Short Interest Up 122.8% in September

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 15,831 shares, a growth of 122.8% from the August 31st total of 7,106 shares. Based on an average daily volume of 54,346 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of NYSE:SABA traded up $0.08 during midday trading on Friday, reaching $8.06. The company had a trading volume of 36,759 shares, compared to its average volume of 55,858. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.80 and a 52-week high of $9.18. The company’s 50 day moving average price is $8.21 and its 200 day moving average price is $8.29.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.0580 dividend. This represents a $0.70 annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Wednesday, September 9th.

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

Hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock valued at $23,775,000 after buying an additional 66,554 shares in the last quarter. Fiera Capital Corp boosted its stake in Saba Capital Income & Opportunities Fund II by 6.2% in the fourth quarter. Fiera Capital Corp now owns 335,657 shares of the company’s stock worth $2,769,000 after buying an additional 19,655 shares in the last quarter. Flax Pond Capital LLC grew its position in Saba Capital Income & Opportunities Fund II by 5.9% during the first quarter. Flax Pond Capital LLC now owns 299,313 shares of the company’s stock valued at $2,490,000 after acquiring an additional 16,780 shares during the last quarter. TrueMark Investments LLC grew its position in Saba Capital Income & Opportunities Fund II by 5.4% during the first quarter. TrueMark Investments LLC now owns 224,709 shares of the company’s stock valued at $1,870,000 after acquiring an additional 11,448 shares during the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $1,537,000. 22.22% of the stock is currently 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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.