Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Drops By 41.9%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,864 shares, a decrease of 41.9% from the December 31st total of 11,811 shares. Based on an average daily trading volume, of 81,353 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 81,353 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Saba Capital Income & Opportunities Fund II by 45.3% during the 4th quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock valued at $99,000 after purchasing an additional 3,750 shares during the last quarter. Comprehensive Money Management Services LLC raised its stake in Saba Capital Income & Opportunities Fund II by 5.2% during the 4th quarter. Comprehensive Money Management Services LLC now owns 114,923 shares of the company’s stock valued at $948,000 after buying an additional 5,715 shares during the last quarter. Shrier Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $94,000. Hara Capital LLC increased its position in Saba Capital Income & Opportunities Fund II by 62.1% in the fourth quarter. Hara Capital LLC now owns 124,911 shares of the company’s stock worth $1,031,000 after buying an additional 47,836 shares in the last quarter. Finally, TrueMark Investments LLC lifted its holdings in Saba Capital Income & Opportunities Fund II by 2.5% during the fourth quarter. TrueMark Investments LLC now owns 213,261 shares of the company’s stock valued at $1,759,000 after purchasing an additional 5,247 shares in the last quarter. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Stock Performance

Saba Capital Income & Opportunities Fund II stock traded down $0.01 during mid-day trading on Friday, reaching $8.17. 27,057 shares of the company’s stock were exchanged, compared to its average volume of 118,540. Saba Capital Income & Opportunities Fund II has a one year low of $7.72 and a one year high of $9.46. The business’s fifty day simple moving average is $8.48 and its 200 day simple moving average is $8.87.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 12th will be paid a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, January 12th.

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.