Saba Capital Income & Opportunities Fund II (NYSE:SABA) Short Interest Down 66.5% in March

Saba Capital Income & Opportunities Fund II (NYSE:SABA) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 10,900 shares, a decline of 66.5% from the February 28th total of 32,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 102,300 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

Large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its stake in Saba Capital Income & Opportunities Fund II by 37.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock valued at $38,940,000 after purchasing an additional 1,246,847 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its position in shares of Saba Capital Income & Opportunities Fund II by 152.0% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,436,590 shares of the company’s stock valued at $13,016,000 after buying an additional 866,503 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund II in the third quarter worth $5,836,000. Wells Fargo & Company MN boosted its position in shares of Saba Capital Income & Opportunities Fund II by 933.7% during the fourth quarter. Wells Fargo & Company MN now owns 716,776 shares of the company’s stock worth $6,494,000 after acquiring an additional 647,432 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Saba Capital Income & Opportunities Fund II by 36.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 698,491 shares of the company’s stock worth $6,328,000 after acquiring an additional 184,965 shares during the last quarter. 22.22% of the stock is currently owned by hedge funds and other institutional investors.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of NYSE SABA opened at $8.73 on Thursday. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.40 and a 1 year high of $9.43. The firm has a fifty day moving average price of $9.04 and a 200-day moving average price of $8.83.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.058 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.70 dividend on an annualized basis and a yield of 7.97%.

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.