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

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

Saba Capital Income & Opportunities Fund II Trading Down 0.1%

NYSE:SABA traded down $0.01 during midday trading on Wednesday, reaching $8.34. 110,608 shares of the stock traded hands, compared to its average volume of 90,238. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.72 and a 12 month high of $9.46. The company has a fifty day moving average of $8.58 and a 200 day moving average of $8.94.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 12th will be given a $0.058 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gridiron Partners LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 596.0% during the 3rd quarter. Gridiron Partners LLC now owns 394,682 shares of the company’s stock valued at $3,599,000 after acquiring an additional 337,973 shares during the last quarter. Seven Mile Advisory acquired a new stake in Saba Capital Income & Opportunities Fund II during the third quarter valued at $2,222,000. TrueMark Investments LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth about $1,897,000. Shaker Financial Services LLC increased its stake in shares of Saba Capital Income & Opportunities Fund II by 55.2% in the 3rd quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock worth $4,087,000 after acquiring an additional 159,291 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in Saba Capital Income & Opportunities Fund II by 203.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company’s stock valued at $1,811,000 after buying an additional 133,163 shares during the last quarter. 22.22% of the stock is owned by hedge funds and other institutional investors.

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.