Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Down 23.1% in February

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 12,680 shares, a decrease of 23.1% from the January 29th total of 16,487 shares. Based on an average trading volume of 167,125 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 167,125 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several hedge funds have recently modified their holdings of SABA. Focus Partners Wealth acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter worth approximately $8,423,000. Gridiron Partners LLC raised its position in Saba Capital Income & Opportunities Fund II by 596.0% in the 3rd quarter. Gridiron Partners LLC now owns 394,682 shares of the company’s stock valued at $3,599,000 after purchasing an additional 337,973 shares during the last quarter. Seven Mile Advisory acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter worth $2,222,000. TrueMark Investments LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth $1,897,000. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $1,537,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Up 0.1%

Shares of NYSE SABA traded up $0.01 during midday trading on Tuesday, reaching $8.01. 171,948 shares of the company traded hands, compared to its average volume of 137,717. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.72 and a 12 month high of $9.46. The stock’s 50-day simple moving average is $8.19 and its 200-day simple moving average is $8.67.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.058 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

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.