Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) saw a large decrease in short interest in the month of 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. Based on an average daily volume of 74,600 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.
Saba Capital Income & Opportunities Fund II Trading Up 0.1%
Shares of SABA traded up $0.01 during mid-day trading on Wednesday, reaching $8.65. The company had a trading volume of 751 shares, compared to its average volume of 88,616. The company's 50-day moving average is $8.51 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 disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Tuesday, June 10th.
Institutional Trading of Saba Capital Income & Opportunities Fund II
Several large investors have recently made changes to their positions in SABA. US Bancorp DE acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the first quarter worth approximately $35,000. Chicago Partners Investment Group LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the first quarter valued at approximately $96,000. Clear Creek Financial Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II in the 1st quarter valued at $102,000. Shufro Rose & Co. LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth about $122,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $131,000. Institutional investors own 22.22% of the company's stock.
Saba Capital Income & Opportunities Fund II Company Profile
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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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