Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Decreases By 51.3%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,830 shares, a decrease of 51.3% from the July 15th total of 22,235 shares. Based on an average trading volume of 32,778 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

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

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Saba Capital Income & Opportunities Fund II by 45.3% during the fourth quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock worth $99,000 after buying an additional 3,750 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter worth $116,000. Royal Bank of Canada raised its position in shares of Saba Capital Income & Opportunities Fund II by 227.5% in the 1st quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock worth $189,000 after acquiring an additional 15,815 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 35.2% during the 2nd quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock worth $189,000 after purchasing an additional 5,348 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 6.2% during the 2nd quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock worth $230,000 after purchasing an additional 1,468 shares during the last quarter. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Up 0.1%

Saba Capital Income & Opportunities Fund II stock traded up $0.01 during midday trading on Monday, hitting $8.25. 43,083 shares of the company’s stock were exchanged, compared to its average volume of 78,486. The firm has a 50-day moving average of $8.29 and a two-hundred day moving average of $8.28. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.96 and a 12 month high of $9.36.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Saba Capital Income & Opportunities Fund II Company Profile

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.