Saba Capital Income & Opportunities Fund II (NYSE:SABA) Sees Large Decrease in Short Interest

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,959 shares, a decline of 42.4% from the May 14th total of 24,233 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 58,807 shares, the days-to-cover ratio is currently 0.2 days.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA opened at $8.28 on Friday. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.96 and a twelve month high of $9.46. The firm’s 50-day moving average price is $8.44 and its 200 day moving average price is $8.35.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.058 dividend. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Tuesday, June 9th.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

Institutional investors and hedge funds have recently bought and sold shares of the company. Shrier Wealth Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $94,000. Farther Finance Advisors LLC boosted its holdings in Saba Capital Income & Opportunities Fund II by 45.3% in 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. Uhlmann Price Securities LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at about $127,000. Landscape Capital Management L.L.C. acquired a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $116,000. Finally, Capital Investment Advisors LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $119,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

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.