Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Short Interest Down 27.2% in October

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 742,600 shares, a drop of 27.2% from the September 30th total of 1,020,000 shares. Based on an average daily trading volume, of 310,200 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 310,200 shares, the short-interest ratio is currently 2.4 days.

Saba Capital Income & Opportunities Fund Price Performance

Shares of NYSEARCA BRW opened at $7.38 on Wednesday. The firm has a fifty day moving average of $7.77 and a 200 day moving average of $7.88. Saba Capital Income & Opportunities Fund has a one year low of $6.91 and a one year high of $8.49.

Saba Capital Income & Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Tuesday, November 11th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Gridiron Partners LLC lifted its stake in Saba Capital Income & Opportunities Fund by 188,699.5% in the 3rd quarter. Gridiron Partners LLC now owns 42,630,926 shares of the company’s stock valued at $331,242,000 after buying an additional 42,608,346 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund during the third quarter valued at approximately $9,089,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund in the second quarter valued at approximately $3,598,000. Ethos Financial Group LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund in the first quarter valued at approximately $2,384,000. Finally, North Ground Capital acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the first quarter worth approximately $1,654,000.

About Saba Capital Income & Opportunities Fund

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.