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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 11,811 shares, a decline of 61.7% from the December 15th total of 30,873 shares. Based on an average daily trading volume, of 111,929 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 111,929 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at approximately $76,000. Abel Hall LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the second quarter worth $92,000. Joel Isaacson & Co. LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $105,000. HB Wealth Management LLC bought a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth $114,000. Finally, Capital Investment Advisors LLC bought a new position in Saba Capital Income & Opportunities Fund II in the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Stock Down 0.1%

SABA stock traded down $0.01 during midday trading on Wednesday, hitting $8.34. The stock had a trading volume of 110,608 shares, compared to its average volume of 90,238. The company’s 50-day moving average price is $8.58 and its 200 day moving average price is $8.94. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.72 and a 12-month high of $9.46.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 12th will be given a $0.058 dividend. The ex-dividend date is Monday, January 12th. This represents a c) annualized dividend and a yield of 8.4%.

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.