Saba Capital Income & Opportunities Fund II (SABA) Short Interest Ratio & Short Volume

Short interest is the volume of Saba Capital Income & Opportunities Fund II shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 46,000 shares of SABA short. Learn More on Saba Capital Income & Opportunities Fund II's current short interest.

Saba Capital Income & Opportunities Fund II saw a drop in short interest in September. As of September 30th, there was short interest totaling 46,000 shares, a drop of 37.1% from the previous total of 73,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to Saba Capital Income & Opportunities Fund II: BlackRock MuniHoldings California Quality Fund, Inc. (0.07%), BlackRock MuniYield Quality Fund, Inc. (0.30%), Abrdn Healthcare Investors (0.21%), MidCap Financial Investment Co. (0.67%), SLR Investment Corp. (0.26%), BlackRock MuniYield Quality Fund III, Inc. (0.27%), PIMCO High Income Fund (0.05%), Nuveen Select Tax-Free Income Portfolio (0.05%), John Hancock Financial Opportunities Fund (0.05%), BlackRock MuniHoldings New Jersey Quality Fund, Inc. (0.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.04 billion), AppLovin Co. ($2.69 billion), Nu Holdings Ltd. ($2.64 billion), Paychex, Inc. ($2.61 billion), Cencora, Inc. ($2.30 billion), Aptiv PLC ($2.09 billion), Moderna, Inc. ($2.09 billion), Tractor Supply ($2.04 billion), Coinbase Global, Inc. ($1.97 billion), and International Paper ($1.95 billion). View all of the most shorted stocks.

Short selling SABA is an investing strategy that aims to generate trading profit from Saba Capital Income & Opportunities Fund II as its price is falling. SABA shares are trading up $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Saba Capital Income & Opportunities Fund II occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SABA, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SABA, twice per month. The most recent reporting period available is September, 30 2024.