Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declines By 41.9%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,864 shares, a decrease of 41.9% from the December 31st total of 11,811 shares. Based on an average trading volume of 81,353 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 81,353 shares, the days-to-cover ratio is currently 0.1 days.

Saba Capital Income & Opportunities Fund II Trading Down 0.4%

NYSE SABA traded down $0.04 on Friday, hitting $8.14. 90,989 shares of the stock were exchanged, compared to its average volume of 117,339. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.72 and a fifty-two week high of $9.46. The company has a 50-day moving average price of $8.47 and a 200-day moving average price of $8.86.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Monday, January 12th were given a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Monday, January 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SABA. Farther Finance Advisors LLC boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 45.3% during the fourth quarter. Farther Finance Advisors LLC now owns 12,035 shares of the company’s stock worth $99,000 after buying an additional 3,750 shares during the period. Comprehensive Money Management Services LLC lifted its position in Saba Capital Income & Opportunities Fund II by 5.2% during the 4th quarter. Comprehensive Money Management Services LLC now owns 114,923 shares of the company’s stock worth $948,000 after acquiring an additional 5,715 shares during the period. Shrier Wealth Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at approximately $94,000. Hara Capital LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 62.1% in the fourth quarter. Hara Capital LLC now owns 124,911 shares of the company’s stock valued at $1,031,000 after purchasing an additional 47,836 shares during the period. Finally, TrueMark Investments LLC raised its stake in shares of Saba Capital Income & Opportunities Fund II by 2.5% during the fourth quarter. TrueMark Investments LLC now owns 213,261 shares of the company’s stock worth $1,759,000 after purchasing an additional 5,247 shares during the last quarter. 22.22% of the stock is currently owned by institutional investors and hedge funds.

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.