Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Up 212.9% in March

Key Points

• Short interest surged 212.9% to 12,245 shares as of March 31 (up from 3,914 on March 15), though the short-interest ratio is just 0.1 days and roughly 0.0% of shares are reported short.
• Declared a monthly dividend of $0.058 per share, with an ex-dividend date of April 9 and payable April 30, implying an annualized yield of about 8.3%.
• Shares traded down to $8.37 (–1.1%) on lower-than-average volume, and institutional investors own about 22.22% of the company after several small new stakes were reported.

Saba Capital Income & Opportunities Fund II (NYSE:SABA - ) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 12,245 shares, a growth of 212.9% from the March 15th total of 3,914 shares. Based on an average daily volume of 111,989 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Saba Capital Income & Opportunities Fund II Trading Down 1.1%

Shares of SABA traded down $0.09 on Friday, reaching $8.37. 47,173 shares of the company's stock were exchanged, compared to its average volume of 95,218. The business has a 50 day moving average price of $8.15 and a two-hundred day moving average price of $8.48. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.85 and a 12 month high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, April 9th.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $76,000. Shrier Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at approximately $94,000. Joel Isaacson & Co. LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $105,000. HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the third quarter valued at approximately $114,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at approximately $116,000. Institutional investors own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Company 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. 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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