Shares of Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Free Report) dropped 0.1% during trading on Thursday . The company traded as low as $7.37 and last traded at $7.42. Approximately 102,708 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 160,433 shares. The stock had previously closed at $7.43.
Saba Capital Income & Opportunities Fund Stock Performance
The firm’s 50-day simple moving average is $7.42 and its two-hundred day simple moving average is $7.26.
Saba Capital Income & Opportunities Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 9th will be given a $0.085 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.02 dividend on an annualized basis and a yield of 13.78%.
Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund
About Saba Capital Income & Opportunities Fund
Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.
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