Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declines By 41.9%

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

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

A number of institutional investors have recently modified their holdings of SABA. Gridiron Partners LLC increased its stake in shares of Saba Capital Income & Opportunities Fund II by 596.0% during 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 during the 3rd quarter worth approximately $2,222,000. TrueMark Investments LLC purchased a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at about $1,897,000. Shaker Financial Services LLC raised its holdings in Saba Capital Income & Opportunities Fund II by 55.2% in the 3rd quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock valued at $4,087,000 after acquiring an additional 159,291 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake 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 purchasing an additional 133,163 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 Down 0.1%

Shares of NYSE SABA traded down $0.01 during mid-day trading on Friday, reaching $8.17. The company had a trading volume of 27,057 shares, compared to its average volume of 118,540. The business’s 50-day moving average is $8.48 and its 200-day moving average is $8.87. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.72 and a 52 week high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be paid a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Monday, January 12th.

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.