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

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

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.10 on Monday, reaching $7.95. 76,022 shares of the company were exchanged, compared to its average volume of 75,386. The stock’s 50 day moving average price is $8.20 and its 200-day moving average price is $8.29. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.80 and a 1-year high of $9.18.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $0.0580 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.70 dividend on an annualized basis and a yield of 8.8%.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth $42,000. Royal Bank of Canada grew its stake in shares of Saba Capital Income & Opportunities Fund II by 227.5% during the first quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock worth $189,000 after purchasing an additional 15,815 shares in the last quarter. Private Advisor Group LLC increased its holdings in Saba Capital Income & Opportunities Fund II by 10.1% in the first quarter. Private Advisor Group LLC now owns 87,448 shares of the company’s stock valued at $728,000 after buying an additional 8,000 shares during the last quarter. Comprehensive Money Management Services LLC increased its holdings in Saba Capital Income & Opportunities Fund II by 9.5% in the first quarter. Comprehensive Money Management Services LLC now owns 125,898 shares of the company’s stock valued at $1,047,000 after buying an additional 10,975 shares during the last quarter. Finally, Doliver Advisors LP acquired a new stake in Saba Capital Income & Opportunities Fund II in the second quarter valued at $1,169,000. 22.22% of the stock is owned by hedge funds and other institutional investors.

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.