Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Short Interest Down 26.3% in September

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 116,100 shares, a drop of 26.3% from the August 31st total of 157,600 shares. Based on an average daily trading volume, of 229,100 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 229,100 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Saba Capital Income & Opportunities Fund by 130.7% in the 1st quarter. LPL Financial LLC now owns 376,329 shares of the company’s stock valued at $2,920,000 after purchasing an additional 213,199 shares during the period. Ethos Financial Group LLC bought a new stake in Saba Capital Income & Opportunities Fund during the first quarter valued at $2,384,000. PNC Financial Services Group Inc. grew its position in Saba Capital Income & Opportunities Fund by 194.9% during the first quarter. PNC Financial Services Group Inc. now owns 42,890 shares of the company’s stock worth $333,000 after buying an additional 28,348 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Saba Capital Income & Opportunities Fund by 7.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,757,876 shares of the company’s stock worth $21,401,000 after buying an additional 199,693 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in Saba Capital Income & Opportunities Fund by 2.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 160,327 shares of the company’s stock worth $1,233,000 after acquiring an additional 3,876 shares during the last quarter.

Saba Capital Income & Opportunities Fund Trading Down 0.3%

Shares of NYSEARCA BRW opened at $7.48 on Tuesday. Saba Capital Income & Opportunities Fund has a fifty-two week low of $6.91 and a fifty-two week high of $8.49. The stock has a fifty day moving average of $8.16 and a 200-day moving average of $7.89.

Saba Capital Income & Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 9th will be given a $0.085 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date is Thursday, October 9th.

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.