Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,830 shares, a drop of 51.3% from the July 15th total of 22,235 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 32,778 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its stake in Saba Capital Income & Opportunities Fund II by 11.8% during the second quarter. Cetera Investment Advisers now owns 29,468 shares of the company’s stock worth $271,000 after purchasing an additional 3,118 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Saba Capital Income & Opportunities Fund II by 101.2% during the 2nd quarter. Baird Financial Group Inc. now owns 99,116 shares of the company’s stock worth $911,000 after buying an additional 49,852 shares in the last quarter. Walleye Capital LLC boosted its holdings 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 worth $230,000 after buying an additional 1,468 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Saba Capital Income & Opportunities Fund II by 2.9% during 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 period. Finally, Bank of America Corp DE increased its stake in shares of Saba Capital Income & Opportunities Fund II by 35.2% in the 2nd quarter. Bank of America Corp DE now owns 20,549 shares of the company’s stock valued at $189,000 after acquiring an additional 5,348 shares in the last quarter. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Stock Performance

NYSE:SABA traded down $0.03 on Friday, reaching $8.24. 29,904 shares of the stock traded hands, compared to its average volume of 30,292. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.96 and a 1-year high of $9.36. The company’s 50 day moving average is $8.29 and its 200-day moving average is $8.28.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Tuesday, August 11th.

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.