Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Sees Significant Increase in Short Interest

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 194,900 shares, anincreaseof278.4% from the July 15th total of 51,500 shares. Based on an average daily trading volume, of 189,900 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 189,900 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Several institutional investors have recently bought and sold shares of BRW. Wells Fargo & Company MN lifted its position in shares of Saba Capital Income & Opportunities Fund by 1,248,200.0% during the fourth quarter. Wells Fargo & Company MN now owns 12,483 shares of the company’s stock valued at $95,000 after buying an additional 12,482 shares during the last quarter. AQR Arbitrage LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund in the 4th quarter worth approximately $98,000. Captrust Financial Advisors bought a new position in shares of Saba Capital Income & Opportunities Fund during the 4th quarter worth approximately $102,000. Flagship Harbor Advisors LLC purchased a new stake in Saba Capital Income & Opportunities Fund during the first quarter valued at approximately $116,000. Finally, M&T Bank Corp purchased a new stake in Saba Capital Income & Opportunities Fund during the first quarter valued at approximately $140,000.

Saba Capital Income & Opportunities Fund Stock Down 0.1%

Shares of NYSEARCA BRW opened at $8.36 on Friday. The business has a fifty day moving average price of $8.15 and a two-hundred day moving average price of $7.82. Saba Capital Income & Opportunities Fund has a fifty-two week low of $6.91 and a fifty-two week high of $8.49.

Saba Capital Income & Opportunities Fund Announces Dividend

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.085 per share.

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.