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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 46,100 shares, a drop of 60.9% from the January 15th total of 117,900 shares. Based on an average daily volume of 98,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several institutional investors and hedge funds have recently modified their holdings of SABA. Tidal Investments LLC grew its stake in Saba Capital Income & Opportunities Fund II by 1.2% during the third quarter. Tidal Investments LLC now owns 110,724 shares of the company’s stock valued at $942,000 after acquiring an additional 1,300 shares in the last quarter. International Assets Investment Management LLC grew its stake in Saba Capital Income & Opportunities Fund II by 751.0% during the third quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock valued at $36,000 after acquiring an additional 3,755 shares in the last quarter. Independent Advisor Alliance grew its stake in Saba Capital Income & Opportunities Fund II by 9.1% during the fourth quarter. Independent Advisor Alliance now owns 81,650 shares of the company’s stock valued at $740,000 after acquiring an additional 6,825 shares in the last quarter. Gilman Hill Asset Management LLC grew its stake in Saba Capital Income & Opportunities Fund II by 75.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock valued at $159,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter valued at $131,000. 22.22% of the stock is currently owned by institutional investors.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of SABA stock opened at $9.20 on Friday. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $9.43. The company’s fifty day moving average price is $9.08 and its 200-day moving average price is $8.72.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.70 annualized dividend and a dividend yield of 7.57%.

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.