Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 39,500 shares, a decline of 14.3% from the January 31st total of 46,100 shares. Based on an average daily volume of 100,800 shares, the days-to-cover ratio is currently 0.4 days.

Saba Capital Income & Opportunities Fund II Price Performance

SABA stock traded up $0.01 during mid-day trading on Friday, reaching $8.85. The company had a trading volume of 81,852 shares, compared to its average volume of 103,114. The firm has a fifty day simple moving average of $9.11 and a 200 day simple moving average of $8.80. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.40 and a fifty-two week high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.70 dividend on an annualized basis and a yield of 7.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Saba Capital Income & Opportunities Fund II by 751.0% during the third 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 in the last quarter. Shufro Rose & Co. LLC purchased a new stake in Saba Capital Income & Opportunities Fund II during the 4th quarter worth about $122,000. Janney Montgomery Scott LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth about $131,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth about $138,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $151,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

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.