Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the recipient of a large growth in short interest in the month of 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 trading volume of 111,989 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $8,423,000. Envestnet Asset Management Inc. grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 955,510 shares of the company’s stock valued at $8,714,000 after buying an additional 24,034 shares during the period. Shaker Financial Services LLC grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 55.2% in the 3rd quarter. Shaker Financial Services LLC now owns 448,104 shares of the company’s stock valued at $4,087,000 after buying an additional 159,291 shares during the period. Scotia Capital Inc. grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 17.8% in the 3rd quarter. Scotia Capital Inc. now owns 428,883 shares of the company’s stock valued at $3,911,000 after buying an additional 64,711 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Saba Capital Income & Opportunities Fund II by 3.8% in the 4th quarter. Invesco Ltd. now owns 418,725 shares of the company’s stock valued at $3,454,000 after buying an additional 15,204 shares during the period. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

SABA traded up $0.04 during trading on Monday, reaching $8.41. 5,060 shares of the company’s stock were exchanged, compared to its average volume of 114,636. The company’s fifty day moving average price is $8.15 and its 200-day moving average price is $8.47. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.96 and a fifty-two week high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

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

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.