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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 39,500 shares, a decrease of 14.3% from the January 31st total of 46,100 shares. Based on an average trading volume of 100,800 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after acquiring an additional 3,755 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $122,000. Janney Montgomery Scott LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the fourth quarter worth approximately $131,000. Garden State Investment Advisory Services LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $138,000. Finally, Noble Wealth Management PBC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $151,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE:SABA opened at $8.93 on Wednesday. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.40 and a fifty-two week high of $9.43. The company has a 50 day simple moving average of $9.12 and a two-hundred day simple moving average of $8.79.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Tuesday, March 11th.

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.