Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Decreases By 66.5%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 10,900 shares, a decline of 66.5% from the February 28th total of 32,500 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 102,300 shares, the days-to-cover ratio is presently 0.1 days.

Saba Capital Income & Opportunities Fund II Stock Up 0.5 %

Shares of NYSE SABA traded up $0.04 during mid-day trading on Friday, hitting $8.75. The company’s stock had a trading volume of 63,018 shares, compared to its average volume of 97,789. Saba Capital Income & Opportunities Fund II has a one year low of $7.40 and a one year high of $9.43. The company’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $8.83.

Saba Capital Income & Opportunities Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 7.95%. The ex-dividend date is Tuesday, March 11th.

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

Several institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 37.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after acquiring an additional 1,246,847 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at $5,836,000. Noble Wealth Management PBC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $151,000. Choreo LLC raised its stake in Saba Capital Income & Opportunities Fund II by 74.9% during the 4th quarter. Choreo LLC now owns 200,876 shares of the company’s stock worth $1,813,000 after buying an additional 86,036 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at about $131,000. 22.22% of the stock is currently owned by institutional investors and hedge funds.

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.