Saba Capital Income & Opportunities Fund II (NYSE:SABA) Sees Significant Increase in Short Interest

Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 19,100 shares, an increase of 75.2% from the March 15th total of 10,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 101,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Saba Capital Income & Opportunities Fund II by 152.0% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company's stock worth $13,016,000 after purchasing an additional 866,503 shares during the period. Kovitz Investment Group Partners LLC grew its position in Saba Capital Income & Opportunities Fund II by 9.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 757,297 shares of the company's stock worth $6,861,000 after buying an additional 65,881 shares during the period. Wells Fargo & Company MN increased its holdings in Saba Capital Income & Opportunities Fund II by 933.7% in the fourth quarter. Wells Fargo & Company MN now owns 716,776 shares of the company's stock valued at $6,494,000 after buying an additional 647,432 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Saba Capital Income & Opportunities Fund II by 36.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company's stock valued at $6,328,000 after acquiring an additional 184,965 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Saba Capital Income & Opportunities Fund II by 5.3% during the 4th quarter. Invesco Ltd. now owns 400,236 shares of the company's stock worth $3,626,000 after acquiring an additional 20,227 shares in the last quarter. Hedge funds and other institutional investors own 22.22% of the company's stock.

Saba Capital Income & Opportunities Fund II Trading Down 1.7 %

NYSE SABA traded down $0.14 during trading hours on Monday, hitting $8.10. 60,398 shares of the stock were exchanged, compared to its average volume of 94,670. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.44 and a 12-month high of $9.43. The stock has a 50-day moving average of $8.68 and a 200 day moving average of $8.81.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.59%.

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.