Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Trading 0.4% Higher – Here’s What Happened

Posted by Defense World Staff on Nov 26th, 2024

Shares of Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Free Report) traded up 0.4% on Monday . The company traded as high as $7.64 and last traded at $7.64. 118,744 shares traded hands during trading, a decline of 25% from the average session volume of 158,528 shares. The stock had previously closed at $7.61.

Saba Capital Income & Opportunities Fund Stock Performance

The firm has a 50 day moving average of $7.48 and a 200-day moving average of $7.32.

Saba Capital Income & Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 11th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 13.35%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sea Otter Advisors LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund in the 2nd quarter worth approximately $35,000. Creative Financial Designs Inc. ADV acquired a new position in Saba Capital Income & Opportunities Fund during the third quarter worth $74,000. J.W. Cole Advisors Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund during the second quarter valued at $124,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the 3rd quarter valued at $215,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund in the 2nd quarter worth about $271,000.

About Saba Capital Income & Opportunities Fund

(Get Free Report)

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.