Hara Capital LLC Has $703,000 Stock Position in Saba Capital Income & Opportunities Fund II $SABA

Hara Capital LLC lessened its stake in Saba Capital Income & Opportunities Fund II (NYSE:SABA) by 59.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,075 shares of the company’s stock after selling 111,827 shares during the quarter. Hara Capital LLC owned 0.27% of Saba Capital Income & Opportunities Fund II worth $703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Absolute Investment Advisers LLC acquired a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $126,000. Abel Hall LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at about $92,000. Clear Creek Financial Management LLC lifted its holdings in shares of Saba Capital Income & Opportunities Fund II by 10.6% in the second quarter. Clear Creek Financial Management LLC now owns 13,025 shares of the company’s stock valued at $120,000 after purchasing an additional 1,250 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 931,476 shares of the company’s stock worth $8,560,000 after buying an additional 42,099 shares during the period. Finally, Shaker Financial Services LLC boosted its position in shares of Saba Capital Income & Opportunities Fund II by 14.4% during the second quarter. Shaker Financial Services LLC now owns 288,813 shares of the company’s stock worth $2,654,000 after buying an additional 36,294 shares during the period. 22.22% of the stock is currently owned by institutional investors and hedge funds.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of Saba Capital Income & Opportunities Fund II stock opened at $8.24 on Friday. The business’s 50 day simple moving average is $8.53 and its 200 day simple moving average is $8.91. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.72 and a 52-week high of $9.46.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 12th will be issued a $0.058 dividend. The ex-dividend date is Monday, January 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

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.