Saba Capital Income & Opportunities Fund II (NYSE:SABA) Announces Monthly Dividend of $0.06

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Friday, October 31st. Shareholders of record on Tuesday, November 11th will be given a dividend of 0.058 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, November 10th.

Saba Capital Income & Opportunities Fund II Stock Up 0.5%

Shares of Saba Capital Income & Opportunities Fund II stock traded up $0.05 during trading hours on Friday, reaching $8.68. The company’s stock had a trading volume of 92,211 shares, compared to its average volume of 59,922. The stock’s fifty day simple moving average is $9.01 and its two-hundred day simple moving average is $9.01. Saba Capital Income & Opportunities Fund II has a one year low of $7.72 and a one year high of $9.46.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC grew its holdings in Saba Capital Income & Opportunities Fund II by 10.6% during the second quarter. Clear Creek Financial Management LLC now owns 13,025 shares of the company’s stock worth $120,000 after buying an additional 1,250 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 6.2% during the second quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock valued at $230,000 after purchasing an additional 1,468 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Saba Capital Income & Opportunities Fund II by 2.9% during the second quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock worth $656,000 after purchasing an additional 1,997 shares during the last quarter. Private Advisor Group LLC increased its stake in Saba Capital Income & Opportunities Fund II by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 78,248 shares of the company’s stock valued at $681,000 after buying an additional 2,000 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Saba Capital Income & Opportunities Fund II by 11.8% during the 2nd quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after buying an additional 3,118 shares in the last quarter. 22.22% of the stock is owned by institutional investors.

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.