Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Up 142.3% in September

Key Points

• Saba Capital Income & Opportunities Fund II (NYSE:SABA) experienced a dramatic increase in short interest of 142.3% in September, rising from 9,700 to 23,500 shares.
• Multiple institutional investors, including Comprehensive Money Management Services LLC and Envestnet Asset Management Inc., have recently increased their stakes in SABA, with institutional ownership now at 22.22%.
• The fund announced a dividend of $0.085 per share to be paid on October 31, 2023, representing a substantial yield of 770.0%.

Saba Capital Income & Opportunities Fund II (NYSE:SABA - ) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 23,500 shares, a growth of 142.3% from the September 15th total of 9,700 shares. Based on an average daily trading volume, of 67,600 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 67,600 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SABA. Comprehensive Money Management Services LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 1.7% during the first quarter. Comprehensive Money Management Services LLC now owns 112,314 shares of the company's stock worth $977,000 after buying an additional 1,846 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the first quarter worth $102,000. Envestnet Asset Management Inc. boosted its stake in Saba Capital Income & Opportunities Fund II by 27.3% during the first quarter. Envestnet Asset Management Inc. now owns 889,377 shares of the company's stock worth $7,738,000 after buying an additional 190,886 shares during the last quarter. Private Advisor Group LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 2.6% during the first quarter. Private Advisor Group LLC now owns 78,248 shares of the company's stock worth $681,000 after buying an additional 2,000 shares during the last quarter. Finally, Choreo LLC boosted its stake in Saba Capital Income & Opportunities Fund II by 10.1% during the first quarter. Choreo LLC now owns 221,213 shares of the company's stock worth $1,925,000 after buying an additional 20,337 shares during the last quarter. Institutional investors and hedge funds own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Stock Performance

NYSE SABA traded up $0.01 on Friday, reaching $8.87. 38,027 shares of the company were exchanged, compared to its average volume of 59,821. The business's fifty day moving average price is $9.16 and its 200 day moving average price is $8.95. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.72 and a fifty-two week high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The business also recently disclosed a oct 25 dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a yield of 770.0%.

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.

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