Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 83,400 shares, a decrease of 25.3% from the April 30th total of 111,700 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 74,600 shares, the short-interest ratio is presently 1.1 days.
Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SABA. US Bancorp DE acquired a new stake in Saba Capital Income & Opportunities Fund II during the first quarter worth $35,000. Chicago Partners Investment Group LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the first quarter valued at about $96,000. Clear Creek Financial Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the first quarter valued at about $102,000. Shufro Rose & Co. LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at about $122,000. Finally, Janney Montgomery Scott LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the fourth quarter valued at about $131,000. 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 $0.12 during trading hours on Thursday, reaching $8.76. 63,611 shares of the company were exchanged, compared to its average volume of 88,326. The stock's 50-day moving average is $8.50 and its 200-day moving average is $8.82. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.50 and a twelve month high of $9.43.
Saba Capital Income & Opportunities Fund II Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Tuesday, June 10th.
About Saba Capital Income & Opportunities Fund II
(
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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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