Hara Capital LLC Lowers Holdings in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Hara Capital LLC cut its holdings in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA - Free Report) by 35.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,608 shares of the company's stock after selling 106,998 shares during the period. Saba Capital Income & Opportunities Fund II comprises approximately 1.2% of Hara Capital LLC's investment portfolio, making the stock its 23rd biggest holding. Hara Capital LLC owned approximately 0.61% of Saba Capital Income & Opportunities Fund II worth $1,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the first quarter worth about $102,000. Shufro Rose & Co. LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter worth about $122,000. K2 Principal Fund L.P. raised its position in shares of Saba Capital Income & Opportunities Fund II by 15.0% in the fourth quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company's stock worth $208,000 after acquiring an additional 3,000 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter worth about $226,000. Finally, Noble Wealth Management PBC raised its position in shares of Saba Capital Income & Opportunities Fund II by 290.4% in the first quarter. Noble Wealth Management PBC now owns 65,009 shares of the company's stock worth $566,000 after acquiring an additional 48,359 shares during the period. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Trading Down 0.5%

Shares of Saba Capital Income & Opportunities Fund II stock traded down $0.05 during trading hours on Friday, reaching $9.16. The stock had a trading volume of 36,766 shares, compared to its average volume of 81,357. The stock's 50 day moving average is $8.91 and its 200 day moving average is $8.86. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.72 and a twelve month high of $9.43.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, July 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.60%.

Saba Capital Income & Opportunities Fund II 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.