Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Stock Price Up 0.2%

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW)’s stock price shot up 0.2% on Thursday . The company traded as high as $4.58 and last traded at $4.56. 86,383 shares changed hands during trading, a decline of 75% from the average session volume of 345,010 shares. The stock had previously closed at $4.55.

The stock’s 50-day simple moving average is $4.57.

The company also recently announced a monthly dividend, which was paid on Thursday, September 23rd. Stockholders of record on Friday, September 10th were issued a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.68%. The ex-dividend date of this dividend was Thursday, September 9th.

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the second quarter valued at approximately $56,000. Perennial Advisors LLC acquired a new stake in Saba Capital Income & Opportunities Fund in the 2nd quarter worth about $55,000. Neuberger Berman Group LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund in the 2nd quarter valued at about $61,000. Ausdal Financial Partners Inc. purchased a new stake in Saba Capital Income & Opportunities Fund during the 2nd quarter worth approximately $66,000. Finally, Stephens Inc. AR bought a new stake in shares of Saba Capital Income & Opportunities Fund in the 2nd quarter valued at approximately $67,000.

About Saba Capital Income & Opportunities Fund (NYSEARCA:BRW)

Saba Cap Income & Opportunities Fund operates as a diversified, closed-end management investment company. It seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The company was founded on December 2, 1987 and is headquartered in New York, NY.

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