Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Increases By 140.2%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 16,487 shares, an increase of 140.2% from the January 15th total of 6,864 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 162,424 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 162,424 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

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

Several large investors have recently added to or reduced their stakes in SABA. Walleye Capital LLC increased its position in shares of Saba Capital Income & Opportunities Fund II by 6.2% during the 2nd quarter. Walleye Capital LLC now owns 25,011 shares of the company’s stock valued at $230,000 after purchasing an additional 1,468 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Saba Capital Income & Opportunities Fund II by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 71,402 shares of the company’s stock worth $656,000 after buying an additional 1,997 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in Saba Capital Income & Opportunities Fund II by 16.7% during the 4th quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock valued at $144,000 after purchasing an additional 2,500 shares during the period. Cetera Investment Advisers raised its stake in Saba Capital Income & Opportunities Fund II by 11.8% in the second quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after buying an additional 3,118 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund II by 12.0% in the 4th quarter. LPL Financial LLC now owns 34,619 shares of the company’s stock valued at $286,000 after purchasing an additional 3,711 shares during the period. Institutional investors own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.01 during mid-day trading on Thursday, hitting $8.04. 75,586 shares of the stock were exchanged, compared to its average volume of 139,496. The company has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $8.80. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.72 and a 12 month high of $9.46.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 10th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a c) annualized dividend and a yield of 8.7%.

About Saba Capital Income & Opportunities Fund II

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.