Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Drops By 61.7%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 11,811 shares, a decline of 61.7% from the December 15th total of 30,873 shares. Based on an average trading volume of 111,929 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 111,929 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

A number of hedge funds have recently bought and sold shares of SABA. Gridiron Partners LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 596.0% in the third quarter. Gridiron Partners LLC now owns 394,682 shares of the company’s stock worth $3,599,000 after buying an additional 337,973 shares in the last quarter. Seven Mile Advisory bought a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at $2,222,000. TrueMark Investments LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter worth $1,897,000. Shaker Financial Services LLC boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 55.2% during the 3rd quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock valued at $4,087,000 after purchasing an additional 159,291 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings 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 purchasing an additional 133,163 shares during the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Down 0.1%

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.01 during trading on Thursday, hitting $8.32. 97,207 shares of the company’s stock traded hands, compared to its average volume of 93,089. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.72 and a 1 year high of $9.46. The business has a 50-day simple moving average of $8.57 and a 200-day simple moving average of $8.94.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 12th will be issued a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, January 12th.

Saba Capital Income & Opportunities Fund II Company Profile

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.