Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Sees Significant Drop in Short Interest

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 116,100 shares, a decrease of 26.3% from the August 31st total of 157,600 shares. Based on an average daily trading volume, of 229,100 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 229,100 shares, the short-interest ratio is presently 0.5 days.

Saba Capital Income & Opportunities Fund Stock Down 0.3%

NYSEARCA BRW opened at $7.48 on Tuesday. Saba Capital Income & Opportunities Fund has a 52-week low of $6.91 and a 52-week high of $8.49. The company has a fifty day moving average of $8.16 and a 200-day moving average of $7.89.

Saba Capital Income & Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a c) annualized dividend and a yield of 13.6%.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Saba Capital Income & Opportunities Fund by 11.7% during the 4th quarter. Bank of America Corp DE now owns 108,725 shares of the company’s stock valued at $828,000 after buying an additional 11,377 shares in the last quarter. Noble Wealth Management PBC raised its stake in shares of Saba Capital Income & Opportunities Fund by 1,537.4% during the first quarter. Noble Wealth Management PBC now owns 90,059 shares of the company’s stock worth $699,000 after acquiring an additional 84,559 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund in the 1st quarter worth approximately $116,000. Envestnet Asset Management Inc. purchased a new stake in shares of Saba Capital Income & Opportunities Fund in the 1st quarter valued at $374,000. Finally, M&T Bank Corp purchased a new stake in shares of Saba Capital Income & Opportunities Fund in the 1st quarter valued at $140,000.

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.