Tidal Investments LLC Increases Holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Tidal Investments LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 110,724 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Tidal Investments LLC’s holdings in Saba Capital Income & Opportunities Fund II were worth $942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company’s stock worth $36,000 after purchasing an additional 3,755 shares during the period. Family Firm Inc. purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter worth $83,000. Gilman Hill Asset Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter worth $85,000. HB Wealth Management LLC purchased a new position in Saba Capital Income & Opportunities Fund II during the second quarter valued at $98,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the 3rd quarter valued at $138,000. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Up 2.4 %

Shares of SABA stock opened at $8.98 on Friday. The company’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $8.33. Saba Capital Income & Opportunities Fund II has a 52 week low of $7.28 and a 52 week high of $9.17.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $0.058 per share. The ex-dividend date is Tuesday, December 10th.

Insider Buying and Selling at Saba Capital Income & Opportunities Fund II

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $8.48, for a total transaction of $278,746.08. Following the completion of the transaction, the insider now owns 3,158,589 shares in the company, valued at $26,784,834.72. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 180,112 shares of company stock worth $1,523,150 in the last quarter. 6.18% of the stock is owned by corporate insiders.

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.