Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 32,500 shares, a drop of 17.7% from the February 13th total of 39,500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 108,000 shares, the short-interest ratio is presently 0.3 days.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of SABA traded up $0.07 during trading hours on Thursday, reaching $8.85. The stock had a trading volume of 19,296 shares, compared to its average volume of 99,064. The firm has a 50-day simple moving average of $9.06 and a 200 day simple moving average of $8.82. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.40 and a 12 month high of $9.43.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 7.86%. The ex-dividend date is Tuesday, March 11th.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

Several large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at $4,780,000. Independent Advisor Alliance increased its position in shares of Saba Capital Income & Opportunities Fund II by 22.7% during the third quarter. Independent Advisor Alliance now owns 74,825 shares of the company’s stock valued at $637,000 after buying an additional 13,850 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at about $138,000. Rivernorth Capital Management LLC increased its position in shares of Saba Capital Income & Opportunities Fund II by 37.5% in 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 during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth approximately $5,836,000. 22.22% of the stock is currently owned by institutional investors.

Saba Capital Income & Opportunities Fund II Company Profile

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.