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

Key Points

• Short interest fell 51.5% to 7,106 shares as of August 31, down from 14,657 shares on August 15. Short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• SABA shares opened at $8.12, near their 50-day and 200-day moving averages. The fund declared a monthly dividend of $0.058 per share, implying an annualized yield of approximately 8.6%.
• Several institutional investors increased their holdings, including Cetera Investment Advisers and LPL Financial. Hedge funds and other institutional investors collectively own 22.22% of the fund.

Saba Capital Income & Opportunities Fund II (NYSE:SABA - ) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,106 shares, a decline of 51.5% from the August 15th total of 14,657 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 57,473 shares, the short-interest ratio is presently 0.1 days.

Saba Capital Income & Opportunities Fund II Stock Down 0.1%

Shares of NYSE:SABA opened at $8.12 on Monday. The company has a 50 day moving average of $8.26 and a 200-day moving average of $8.30. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.80 and a twelve month high of $9.20.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a $0.058 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Wednesday, September 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC boosted its stake in 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 period. Advisors Asset Management Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II by 0.7% in the 4th quarter. Advisors Asset Management Inc. now owns 261,272 shares of the company's stock worth $2,155,000 after acquiring an additional 1,857 shares during the period. Raymond James Financial Inc. raised its stake 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 valued at $656,000 after buying an additional 1,997 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 11.8% during the 2nd quarter. Cetera Investment Advisers now owns 29,468 shares of the company's stock worth $271,000 after acquiring an additional 3,118 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Saba Capital Income & Opportunities Fund II by 12.0% during the 4th quarter. LPL Financial LLC now owns 34,619 shares of the company's stock worth $286,000 after buying an additional 3,711 shares during the period. 22.22% of the stock is owned by hedge funds and other institutional investors.

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.

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