Short Interest in Saba Capital Income & Opportunities Fund II (NYSE:SABA) Expands By 501.6%

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 114,900 shares, an increase of 501.6% from the March 31st total of 19,100 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 84,800 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Saba Capital Income & Opportunities Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Shufro Rose & Co. LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the 4th quarter worth approximately $122,000. Janney Montgomery Scott LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the fourth quarter worth $131,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth $138,000. Noble Wealth Management PBC bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the fourth quarter worth $151,000. Finally, Gilman Hill Asset Management LLC increased its holdings in Saba Capital Income & Opportunities Fund II by 75.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 17,500 shares of the company’s stock valued at $159,000 after purchasing an additional 7,500 shares during the period. 22.22% of the stock is currently owned by institutional investors.

Saba Capital Income & Opportunities Fund II Trading Up 0.1 %

Shares of NYSE:SABA opened at $8.51 on Friday. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.48 and a 52-week high of $9.43. The company has a fifty day moving average of $8.62 and a 200-day moving average of $8.80.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.70 annualized dividend and a yield of 8.18%.

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.