Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Down 17.1% in December

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 9,200 shares, a decrease of 17.1% from the November 30th total of 11,100 shares. Based on an average trading volume of 74,200 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Saba Capital Income & Opportunities Fund II

In other news, major shareholder Saba Capital Management, L.P. sold 46,728 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $8.52, for a total transaction of $398,122.56. Following the completion of the transaction, the insider now directly owns 3,191,460 shares of the company’s stock, valued at approximately $27,191,239.20. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 104,012 shares of company stock valued at $884,867. 5.62% of the stock is currently owned by company insiders.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC raised its holdings in Saba Capital Income & Opportunities Fund II by 37.5% during the third quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after purchasing an additional 1,246,847 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth $5,836,000. Penserra Capital Management LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at $4,780,000. Envestnet Asset Management Inc. purchased a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at about $2,833,000. Finally, Hara Capital LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $2,997,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Trading Up 1.3 %

NYSE SABA traded up $0.12 on Tuesday, hitting $9.07. 96,124 shares of the stock were exchanged, compared to its average volume of 105,682. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $9.17. The company has a 50-day moving average price of $8.77 and a 200-day moving average price of $8.39.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.058 dividend. The ex-dividend date is Tuesday, December 10th.

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.