Saba Capital Income & Opportunities Fund II (NYSE:SABA – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,959 shares, a decline of 42.4% from the May 14th total of 24,233 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 58,807 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II
A number of institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC increased its position in Saba Capital Income & Opportunities Fund II by 2.4% during the first quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock worth $23,775,000 after buying an additional 66,554 shares during the last quarter. Focus Partners Wealth acquired a new position in Saba Capital Income & Opportunities Fund II during the fourth quarter worth approximately $8,423,000. Envestnet Asset Management Inc. increased its position in Saba Capital Income & Opportunities Fund II by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 955,510 shares of the company’s stock worth $8,714,000 after buying an additional 24,034 shares during the last quarter. Scotia Capital Inc. increased its position in Saba Capital Income & Opportunities Fund II by 17.8% during the third quarter. Scotia Capital Inc. now owns 428,883 shares of the company’s stock worth $3,911,000 after buying an additional 64,711 shares during the last quarter. Finally, Invesco Ltd. increased its position in Saba Capital Income & Opportunities Fund II by 3.8% during the fourth quarter. Invesco Ltd. now owns 418,725 shares of the company’s stock worth $3,454,000 after buying an additional 15,204 shares during the last quarter. Institutional investors and hedge funds own 22.22% of the company’s stock.
Saba Capital Income & Opportunities Fund II Price Performance
Shares of NYSE:SABA traded up $0.04 during midday trading on Monday, reaching $8.32. The company had a trading volume of 40,985 shares, compared to its average volume of 45,530. The business’s 50 day moving average price is $8.44 and its 200 day moving average price is $8.34. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.96 and a 1-year high of $9.46.
Saba Capital Income & Opportunities Fund II Announces Dividend
Saba Capital Income & Opportunities Fund II Company Profile
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.
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