Saba Capital Income & Opportunities Fund (NYSE:BRW – Get Free Report) shares rose 0.6% during trading on Thursday. The stock traded as high as $5.90 and last traded at $5.8850. 173,825 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 241,120 shares. The stock had previously closed at $5.85.
Saba Capital Income & Opportunities Fund Trading Down 0.6%
The business has a 50-day moving average of $6.20 and a 200 day moving average of $6.53.
Saba Capital Income & Opportunities Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be given a dividend of $0.0850 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.02 annualized dividend and a dividend yield of 17.4%.
Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shaker Financial Services LLC lifted its position in shares of Saba Capital Income & Opportunities Fund by 102.2% during the 3rd quarter. Shaker Financial Services LLC now owns 153,273 shares of the company’s stock valued at $921,000 after buying an additional 77,458 shares in the last quarter. Tactive Advisors LLC increased its holdings in Saba Capital Income & Opportunities Fund by 9.3% in the 3rd quarter. Tactive Advisors LLC now owns 20,255 shares of the company’s stock worth $122,000 after acquiring an additional 1,720 shares in the last quarter. Robinson Capital Management LLC bought a new stake in Saba Capital Income & Opportunities Fund during the 2nd quarter worth approximately $105,000. Integrated Wealth Concepts LLC bought a new stake in Saba Capital Income & Opportunities Fund during the 2nd quarter worth approximately $29,000. Finally, Baird Financial Group Inc. lifted its holdings in Saba Capital Income & Opportunities Fund by 4.2% during the second quarter. Baird Financial Group Inc. now owns 191,877 shares of the company’s stock valued at $1,261,000 after purchasing an additional 7,764 shares in the last quarter.
Saba Capital Income & Opportunities Fund Company Profile
Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.
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