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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,830 shares, a decrease of 51.3% from the July 15th total of 22,235 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 32,778 shares, the short-interest ratio is currently 0.3 days.

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

A number of large investors have recently modified their holdings of SABA. Doliver Advisors LP bought a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $1,169,000. Rivernorth Capital Management LLC boosted its position in Saba Capital Income & Opportunities Fund II by 2.4% in 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 during the last quarter. Closed End Fund Advisors Inc. bought a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $1,537,000. Quantify Chaos Advisors LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $1,453,000. Finally, Flax Pond Capital LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $2,331,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of Saba Capital Income & Opportunities Fund II stock remained flat at $8.24 during trading on Tuesday. The company had a trading volume of 20,316 shares, compared to its average volume of 78,106. The stock has a 50 day moving average of $8.28 and a 200-day moving average of $8.28. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.96 and a fifty-two week high of $9.36.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Tuesday, August 11th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

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.