Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Declines By 33.6%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 30,873 shares, a drop of 33.6% from the November 30th total of 46,506 shares. Based on an average daily volume of 73,106 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 73,106 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SABA. Raymond James Financial Inc. increased its holdings in shares of Saba Capital Income & Opportunities Fund II by 13.8% in the 3rd quarter. Raymond James Financial Inc. now owns 81,231 shares of the company’s stock valued at $741,000 after purchasing an additional 9,829 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 17.8% during the 3rd quarter. Scotia Capital Inc. now owns 428,883 shares of the company’s stock worth $3,911,000 after acquiring an additional 64,711 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 3.6% in the 3rd quarter. Invesco Ltd. now owns 403,521 shares of the company’s stock worth $3,680,000 after acquiring an additional 14,138 shares during the period. Seven Mile Advisory acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 3rd quarter worth approximately $2,222,000. Finally, Choreo LLC increased its stake in Saba Capital Income & Opportunities Fund II by 3.0% in the 3rd quarter. Choreo LLC now owns 136,314 shares of the company’s stock valued at $1,243,000 after purchasing an additional 3,925 shares in the last quarter. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of NYSE:SABA traded down $0.02 on Tuesday, reaching $8.39. The company’s stock had a trading volume of 72,754 shares, compared to its average volume of 86,010. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.72 and a 52-week high of $9.46. The stock’s 50-day moving average is $8.68 and its two-hundred day moving average is $9.00.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, December 31st.

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