Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,864 shares, a decrease of 41.9% from the December 31st total of 11,811 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 81,353 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 81,353 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SABA. Gridiron Partners LLC grew its stake in 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 purchasing an additional 337,973 shares in the last quarter. Seven Mile Advisory purchased a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at about $2,222,000. TrueMark Investments LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at approximately $1,897,000. Shaker Financial Services LLC grew its stake in 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 increased its holdings in Saba Capital Income & Opportunities Fund II by 203.6% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198,563 shares of the company’s stock worth $1,811,000 after buying an additional 133,163 shares during the period. 22.22% of the stock is currently owned by institutional investors.

Saba Capital Income & Opportunities Fund II Price Performance

SABA stock traded down $0.04 during trading on Friday, hitting $8.14. 90,989 shares of the company’s stock traded hands, compared to its average volume of 117,771. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.72 and a 52 week high of $9.46. The business has a fifty day simple moving average of $8.47 and a 200 day simple moving average of $8.86.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a c) annualized dividend and a dividend yield of 8.6%.

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.