Saba Capital Income & Opportunities Fund II (NYSE:SABA – Get Free Report) declared a monthly dividend on Friday, October 30th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.0580 per share on Monday, November 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, November 10th.
Saba Capital Income & Opportunities Fund II Stock Up 1.2%
NYSE:SABA opened at $7.76 on Friday. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.57 and a 52-week high of $8.92. The stock has a fifty day simple moving average of $7.91 and a 200-day simple moving average of $8.18.
Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II
Several hedge funds have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 2.4% in the first quarter. Rivernorth Capital Management LLC now owns 2,857,603 shares of the company’s stock valued at $23,775,000 after purchasing an additional 66,554 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Saba Capital Income & Opportunities Fund II by 7.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 358,728 shares of the company’s stock valued at $2,859,000 after purchasing an additional 24,732 shares during the last quarter. Flax Pond Capital LLC increased its stake in shares of Saba Capital Income & Opportunities Fund II by 5.9% during the 1st quarter. Flax Pond Capital LLC now owns 299,313 shares of the company’s stock worth $2,490,000 after purchasing an additional 16,780 shares in the last quarter. Doliver Advisors LP purchased a new position in shares of Saba Capital Income & Opportunities Fund II during the 2nd quarter worth approximately $1,169,000. Finally, Private Advisor Group LLC increased its stake in shares of Saba Capital Income & Opportunities Fund II by 10.1% during the 1st quarter. Private Advisor Group LLC now owns 87,448 shares of the company’s stock worth $728,000 after purchasing an additional 8,000 shares in the last quarter. 22.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
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