Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declares $0.06 Monthly Dividend

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Monday, August 31st. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.058 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, September 9th.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of NYSE SABA traded down $0.02 during midday trading on Tuesday, reaching $8.25. 75,192 shares of the company’s stock traded hands, compared to its average volume of 77,290. The stock’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $8.29. Saba Capital Income & Opportunities Fund II has a one year low of $7.80 and a one year high of $9.36.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 45.3% in the 4th quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock valued at $99,000 after acquiring an additional 3,750 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth $116,000. Royal Bank of Canada boosted its position in 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 valued at $189,000 after purchasing an additional 15,815 shares in the last quarter. Bank of America Corp DE boosted its position in Saba Capital Income & Opportunities Fund II by 35.2% during the second quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock valued at $189,000 after purchasing an additional 5,348 shares in the last quarter. Finally, Walleye Capital LLC grew its stake in Saba Capital Income & Opportunities Fund II by 6.2% in the second quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock valued at $230,000 after purchasing an additional 1,468 shares during the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.

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.