Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Down 14.3% in February

Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 39,500 shares, a decline of 14.3% from the January 31st total of 46,100 shares. Based on an average daily volume of 100,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Several hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Saba Capital Income & Opportunities Fund II by 1.2% during the third quarter. Tidal Investments LLC now owns 110,724 shares of the company's stock worth $942,000 after purchasing an additional 1,300 shares during the last quarter. K2 Principal Fund L.P. increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 15.0% in the fourth quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company's stock worth $208,000 after buying an additional 3,000 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 751.0% in the third 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 period. Independent Advisor Alliance increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 9.1% in the fourth quarter. Independent Advisor Alliance now owns 81,650 shares of the company's stock worth $740,000 after buying an additional 6,825 shares during the period. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 75.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company's stock worth $159,000 after buying an additional 7,500 shares during the period. Institutional investors own 22.22% of the company's stock.

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Saba Capital Income & Opportunities Fund II Trading Up 0.5 %

SABA stock traded up $0.05 during mid-day trading on Friday, hitting $8.89. 118,283 shares of the stock were exchanged, compared to its average volume of 102,996. The business has a fifty day moving average price of $9.11 and a 200 day moving average price of $8.80. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.40 and a 12 month high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Tuesday, March 11th.

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.