Saba Capital Income & Opportunities Fund (NYSE:BRW) Sees Significant Growth in Short Interest

Saba Capital Income & Opportunities Fund (NYSE:BRW) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 76,560 shares, a growth of 59.8% from the August 31st total of 47,897 shares. Based on an average trading volume of 195,478 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Modern Wealth Management LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund by 11.5% in the first quarter. Modern Wealth Management LLC now owns 201,277 shares of the company’s stock valued at $1,353,000 after buying an additional 20,794 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund during the first quarter worth about $70,000. Peak Financial Advisors LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund by 3.8% in the 1st quarter. Peak Financial Advisors LLC now owns 87,938 shares of the company’s stock worth $593,000 after acquiring an additional 3,255 shares during the last quarter. Absolute Investment Advisers LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund by 36.0% in the 1st quarter. Absolute Investment Advisers LLC now owns 995,965 shares of the company’s stock worth $6,713,000 after acquiring an additional 263,849 shares during the last quarter. Finally, Decision Investments Inc. lifted its position in Saba Capital Income & Opportunities Fund by 13.4% in the 1st quarter. Decision Investments Inc. now owns 17,800 shares of the company’s stock valued at $120,000 after acquiring an additional 2,100 shares in the last quarter.

Saba Capital Income & Opportunities Fund Trading Down 1.1%

Shares of NYSE BRW traded down $0.07 during midday trading on Wednesday, hitting $6.01. 578,308 shares of the stock traded hands, compared to its average volume of 242,237. Saba Capital Income & Opportunities Fund has a one year low of $5.99 and a one year high of $7.75. The business has a 50 day moving average price of $6.44 and a two-hundred day moving average price of $6.61.

Saba Capital Income & Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.0850 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.02 annualized dividend and a yield of 17.0%.

Saba Capital Income & Opportunities Fund Company Profile

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.