Insider Selling: Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Sells $13,624.51 in Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 1,601 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $8.51, for a total value of $13,624.51. Following the sale, the insider now owns 3,340,582 shares in the company, valued at $28,428,352.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.38, for a total transaction of $586,985.48.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38.

Saba Capital Income & Opportunities Fund II Trading Down 0.2 %

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.49 on Thursday. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $8.65. The firm’s 50-day simple moving average is $8.38 and its 200-day simple moving average is $7.90.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 9th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.20%.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at $246,000. Rock Point Advisors LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth about $162,000. Envestnet Asset Management Inc. bought a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at about $2,833,000. Prevail Innovative Wealth Advisors LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the second quarter valued at about $768,000. Finally, Choreo LLC bought a new stake in Saba Capital Income & Opportunities Fund II during the second quarter worth about $701,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

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.