Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declines By 17.1%

Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 9,200 shares, a decline of 17.1% from the November 30th total of 11,100 shares. Based on an average trading volume of 74,200 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Saba Capital Income & Opportunities Fund II

In other news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $8.60, for a total transaction of $41,976.60. Following the transaction, the insider now directly owns 3,238,188 shares of the company's stock, valued at approximately $27,848,416.80. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 105,613 shares of company stock worth $898,492. 5.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SABA. Tidal Investments LLC raised its position in Saba Capital Income & Opportunities Fund II by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 110,724 shares of the company's stock valued at $942,000 after purchasing an additional 1,300 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Saba Capital Income & Opportunities Fund II by 751.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,255 shares of the company's stock worth $36,000 after buying an additional 3,755 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the third quarter valued at approximately $85,000. HB Wealth Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $98,000. Finally, Independent Advisor Alliance lifted its stake in Saba Capital Income & Opportunities Fund II by 22.7% in the third quarter. Independent Advisor Alliance now owns 74,825 shares of the company's stock worth $637,000 after acquiring an additional 13,850 shares during the period. 22.22% of the stock is owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Price Performance

SABA traded down $0.02 on Friday, hitting $8.80. 68,274 shares of the company were exchanged, compared to its average volume of 105,843. The firm has a fifty day simple moving average of $8.76 and a two-hundred day simple moving average of $8.39. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.28 and a 12 month high of $9.17.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, December 10th.

Saba Capital Income & Opportunities Fund II Company Profile

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.