Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Update

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 9,200 shares, a decrease of 17.1% from the November 30th total of 11,100 shares. Based on an average daily trading volume, of 74,200 shares, the short-interest ratio is presently 0.1 days.

Saba Capital Income & Opportunities Fund II Stock Performance

SABA stock traded down $0.02 during mid-day trading on Friday, reaching $8.80. The company had a trading volume of 68,274 shares, compared to its average volume of 105,843. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $9.17. The stock’s 50-day simple moving average is $8.76 and its two-hundred day simple moving average is $8.38.

Saba Capital Income & Opportunities Fund II Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, December 10th.

Insider Activity at Saba Capital Income & Opportunities Fund II

In related news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $8.60, for a total value of $41,976.60. Following the sale, the insider now owns 3,238,188 shares of the company’s stock, valued at approximately $27,848,416.80. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 105,613 shares of company stock valued at $898,492 in the last quarter. Insiders own 5.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at about $98,000. Farther Finance Advisors LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $521,000. Fiera Capital Corp acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at approximately $797,000. Blue Bell Private Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II during the second quarter worth approximately $511,000. Finally, Patron Partners LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the second quarter worth approximately $144,000. Institutional investors own 22.22% of the company’s stock.

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.