Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Rises By 75.2%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 19,100 shares, a growth of 75.2% from the March 15th total of 10,900 shares. Based on an average daily volume of 101,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in SABA. Noble Wealth Management PBC boosted its holdings in Saba Capital Income & Opportunities Fund II by 290.4% in the first quarter. Noble Wealth Management PBC now owns 65,009 shares of the company’s stock valued at $566,000 after purchasing an additional 48,359 shares in the last quarter. Comprehensive Money Management Services LLC purchased a new stake in shares of Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $1,001,000. Jefferies Financial Group Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $226,000. Shufro Rose & Co. LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the 4th quarter valued at $122,000. Finally, K2 Principal Fund L.P. raised its stake in Saba Capital Income & Opportunities Fund II by 15.0% during the 4th quarter. K2 Principal Fund L.P. now owns 23,000 shares of the company’s stock worth $208,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 22.22% of the company’s stock.

Saba Capital Income & Opportunities Fund II Trading Down 1.1 %

Shares of SABA stock opened at $8.19 on Thursday. The firm has a fifty day moving average price of $8.74 and a 200 day moving average price of $8.81. Saba Capital Income & Opportunities Fund II has a 12 month low of $7.40 and a 12 month high of $9.43.

Saba Capital Income & Opportunities Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 annualized dividend and a dividend yield of 8.50%.

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.