Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 46,100 shares, a decline of 60.9% from the January 15th total of 117,900 shares. Based on an average trading volume of 98,800 shares, the short-interest ratio is currently 0.5 days.
Saba Capital Income & Opportunities Fund II Price Performance
NYSE SABA traded up $0.01 during mid-day trading on Monday, reaching $9.20. The stock had a trading volume of 41,897 shares, compared to its average volume of 139,501. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.28 and a 1 year high of $9.43. The company has a fifty day moving average price of $9.08 and a 200 day moving average price of $8.73.
Saba Capital Income & Opportunities Fund II Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 11th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.70 dividend on an annualized basis and a yield of 7.57%.
Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II
A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its position in Saba Capital Income & Opportunities Fund II by 1.2% in the 3rd 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 period. K2 Principal Fund L.P. grew its position in Saba Capital Income & Opportunities Fund II by 15.0% in the 4th quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company's stock worth $208,000 after purchasing an additional 3,000 shares during the period. International Assets Investment Management LLC grew its position in 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 purchasing an additional 3,755 shares during the period. Independent Advisor Alliance grew its position in Saba Capital Income & Opportunities Fund II by 9.1% in the 4th quarter. Independent Advisor Alliance now owns 81,650 shares of the company's stock worth $740,000 after purchasing an additional 6,825 shares during the period. Finally, Gilman Hill Asset Management LLC grew its position in Saba Capital Income & Opportunities Fund II by 75.0% in the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company's stock worth $159,000 after purchasing an additional 7,500 shares during the period. Institutional investors own 22.22% of the company's stock.
Saba Capital Income & Opportunities Fund II Company Profile
(
Get Free Report)
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.
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