Saba Capital Income & Opportunities Fund II (NYSE:SABA) Sees Significant Drop in Short Interest

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant decline in short interest during the month of 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 trading volume, of 100,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in SABA. Comprehensive Money Management Services LLC bought a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at approximately $1,001,000. Jefferies Financial Group Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter valued at $226,000. Shufro Rose & Co. LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $122,000. K2 Principal Fund L.P. lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 15.0% during the fourth quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company’s stock worth $208,000 after purchasing an additional 3,000 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Saba Capital Income & Opportunities Fund II by 9.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company’s stock worth $6,861,000 after purchasing an additional 65,881 shares during the last quarter. 22.22% of the stock is currently owned by institutional investors.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE SABA opened at $8.93 on Wednesday. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.40 and a twelve month high of $9.43. The business’s fifty day moving average is $9.12 and its 200 day moving average is $8.79.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Tuesday, March 11th.

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.