Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Up 75.2% in March

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 19,100 shares, a growth of 75.2% from the March 15th total of 10,900 shares. Based on an average daily trading volume, of 101,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

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

Hedge funds have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the third quarter valued at approximately $138,000. Tidal Investments LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 110,724 shares of the company’s stock worth $942,000 after buying an additional 1,300 shares during the last quarter. Gilman Hill Asset Management LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 75.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock valued at $159,000 after buying an additional 7,500 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at about $131,000. Finally, Choreo LLC raised its stake in Saba Capital Income & Opportunities Fund II by 74.9% during the fourth quarter. Choreo LLC now owns 200,876 shares of the company’s stock worth $1,813,000 after acquiring an additional 86,036 shares in the last quarter. 22.22% of the stock is owned by institutional investors.

Saba Capital Income & Opportunities Fund II Stock Up 0.7 %

Shares of NYSE SABA opened at $8.24 on Friday. The business has a fifty day moving average price of $8.70 and a two-hundred day moving average price of $8.81. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.42 and a fifty-two week high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 annualized dividend and a yield of 8.45%.

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.