Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Drops By 51.5%

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

Saba Capital Income & Opportunities Fund II Trading Down 0.4%

Shares of NYSE:SABA traded down $0.04 during midday trading on Tuesday, hitting $8.01. The company’s stock had a trading volume of 59,499 shares, compared to its average volume of 53,654. The stock’s 50 day simple moving average is $8.25 and its 200 day simple moving average is $8.30. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.80 and a fifty-two week high of $9.20.

Saba Capital Income & Opportunities Fund II Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $42,000. Doliver Advisors LP acquired a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $1,169,000. Flax Pond Capital LLC raised its stake in Saba Capital Income & Opportunities Fund II by 5.9% during the 1st quarter. Flax Pond Capital LLC now owns 299,313 shares of the company’s stock valued at $2,490,000 after purchasing an additional 16,780 shares during the last quarter. Rivernorth Capital Management LLC boosted its holdings 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 purchasing an additional 66,554 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Saba Capital Income & Opportunities Fund II by 227.5% in the 1st quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock valued at $189,000 after purchasing an additional 15,815 shares during the period. 22.22% of the stock is 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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.