Saba Capital Income & Opportunities Fund II (NYSE:SABA) Stock Short Interest Jumps 122.8%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 15,831 shares, an increase of 122.8% from the August 31st total of 7,106 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 54,346 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $42,000. Private Advisor Group LLC lifted its holdings in Saba Capital Income & Opportunities Fund II by 10.1% during the first quarter. Private Advisor Group LLC now owns 87,448 shares of the company’s stock worth $728,000 after buying an additional 8,000 shares during the period. Comprehensive Money Management Services LLC lifted its holdings in Saba Capital Income & Opportunities Fund II by 9.5% during the first quarter. Comprehensive Money Management Services LLC now owns 125,898 shares of the company’s stock worth $1,047,000 after buying an additional 10,975 shares during the period. TrueMark Investments LLC boosted its position in Saba Capital Income & Opportunities Fund II by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 224,709 shares of the company’s stock valued at $1,870,000 after acquiring an additional 11,448 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Saba Capital Income & Opportunities Fund II by 227.5% during the 1st quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock valued at $189,000 after acquiring an additional 15,815 shares in the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Up 0.8%

SABA stock traded up $0.06 during mid-day trading on Tuesday, reaching $8.02. 22,900 shares of the stock traded hands, compared to its average volume of 75,101. Saba Capital Income & Opportunities Fund II has a one year low of $7.80 and a one year high of $9.18. The business has a 50-day moving average price of $8.20 and a two-hundred day moving average price of $8.29.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, September 9th.

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.