Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Sells $13,624.51 in Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 1,601 shares of Saba Capital Income & Opportunities Fund II stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $8.51, for a total value of $13,624.51. Following the transaction, the insider now owns 3,340,582 shares in the company, valued at approximately $28,428,352.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, September 25th, Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.38, for a total value of $586,985.48.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 4,453 shares of Saba Capital Income & Opportunities Fund II stock. The stock was sold at an average price of $8.46, for a total value of $37,672.38.

Saba Capital Income & Opportunities Fund II Stock Down 0.2 %

Shares of NYSE SABA traded down $0.02 during trading hours on Tuesday, reaching $8.49. The stock had a trading volume of 76,565 shares, compared to its average volume of 116,542. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.65. The firm has a 50-day moving average of $8.37 and a 200-day moving average of $7.90.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 8.20%. The ex-dividend date was Tuesday, September 10th.

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

Several hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the second quarter worth about $2,833,000. Fiera Capital Corp bought a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at about $797,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at approximately $768,000. Choreo LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund II during the second quarter valued at about $701,000. Finally, 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. Hedge funds and other institutional investors own 22.22% of the company’s stock.

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.