Saba Capital Income & Opportunities Fund II (SABA) To Go Ex-Dividend on May 11th

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Thursday, April 30th. Investors of record on Monday, May 11th will be given a dividend of 0.058 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Monday, May 11th.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.52 on Friday. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.96 and a 1 year high of $9.46. The stock has a 50-day moving average price of $8.26 and a 200 day moving average price of $8.42.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 203.6% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company’s stock valued at $1,811,000 after buying an additional 133,163 shares during the period. TrueMark Investments LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth $1,897,000. Shaker Financial Services LLC raised its holdings in shares of Saba Capital Income & Opportunities Fund II by 55.2% during the third quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock worth $4,087,000 after acquiring an additional 159,291 shares in the last quarter. Seven Mile Advisory acquired a new stake in Saba Capital Income & Opportunities Fund II during the third quarter valued at $2,222,000. Finally, Hara Capital LLC boosted its position in Saba Capital Income & Opportunities Fund II by 62.1% during the fourth quarter. Hara Capital LLC now owns 124,911 shares of the company’s stock valued at $1,031,000 after purchasing an additional 47,836 shares during the last quarter. Institutional investors and hedge funds own 22.22% of the company’s stock.

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.