Saba Capital Income & Opportunities Fund II (NYSE:SABA) Shares Up 0.6% – What’s Next?

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was up 0.6% on Wednesday. The stock traded as high as $7.79 and last traded at $7.7450. Approximately 133,529 shares were traded during mid-day trading, an increase of 80% from the average session volume of 74,239 shares. The stock had previously closed at $7.70.

Saba Capital Income & Opportunities Fund II Trading Up 0.6%

The firm’s 50-day simple moving average is $7.93 and its 200 day simple moving average is $8.19.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.0580 per share. This represents a $0.70 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Tuesday, November 10th.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Institutional investors and hedge funds have recently modified their holdings of the stock. Doliver Advisors LP acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at approximately $1,169,000. Rivernorth Capital Management LLC grew its holdings in Saba Capital Income & Opportunities Fund II by 2.4% during the first quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock valued at $23,775,000 after purchasing an additional 66,554 shares during the period. Uhlmann Price Securities LLC grew its holdings in Saba Capital Income & Opportunities Fund II by 7.0% during the third quarter. Uhlmann Price Securities LLC now owns 22,545 shares of the company’s stock valued at $180,000 after purchasing an additional 1,482 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the third quarter valued at approximately $83,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in Saba Capital Income & Opportunities Fund II by 7.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 358,728 shares of the company’s stock valued at $2,859,000 after purchasing an additional 24,732 shares in the last quarter. 22.22% of the stock is owned by 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.