Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Down 46.7% in August

Key Points

• Saba Capital Income & Opportunities Fund II (NYSE:SABA) experienced a significant 46.7% decrease in short interest in August, dropping to 9,600 shares from 18,000 shares.
• Several hedge funds increased their holdings in SABA during the second quarter, with Clear Creek Financial Management raising its position by 10.6% to own 13,025 shares valued at $120,000.
• The company announced a monthly dividend of $0.058 per share, with an ex-dividend date of September 10th, which represents an annualized yield of 7.6%.

Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,600 shares, a drop of 46.7% from the August 15th total of 18,000 shares. Based on an average trading volume of 64,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 64,200 shares, the days-to-cover ratio is currently 0.1 days.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA stock traded up $0.00 on Friday, reaching $9.16. The company's stock had a trading volume of 35,360 shares, compared to its average volume of 78,433. The business has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $8.90. 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 declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new stake in Saba Capital Income & Opportunities Fund II in the first quarter worth $35,000. Abel Hall LLC bought a new position in Saba Capital Income & Opportunities Fund II in the second quarter worth $92,000. Chicago Partners Investment Group LLC bought a new position in Saba Capital Income & Opportunities Fund II in the first quarter worth $96,000. Clear Creek Financial Management LLC bought a new position in Saba Capital Income & Opportunities Fund II in the first quarter worth $102,000. Finally, Shufro Rose & Co. LLC bought a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter worth $122,000. Hedge funds and other institutional investors own 22.22% of the company's stock.

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.