Hara Capital LLC Takes $3 Million Position in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

Hara Capital LLC bought a new position in Saba Capital Income & Opportunities Fund II (NYSE:SABA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 352,163 shares of the company’s stock, valued at approximately $2,997,000. Saba Capital Income & Opportunities Fund II accounts for about 1.8% of Hara Capital LLC’s holdings, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SABA. Envestnet Asset Management Inc. purchased a new stake in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth approximately $2,833,000. Shaker Financial Services LLC purchased a new stake in Saba Capital Income & Opportunities Fund II in the third quarter worth $1,304,000. Fiera Capital Corp bought a new stake in Saba Capital Income & Opportunities Fund II in the second quarter valued at $797,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter valued at $768,000. Finally, Choreo LLC bought a new position in Saba Capital Income & Opportunities Fund II in the 2nd quarter worth $701,000. 22.22% of the stock is currently owned by institutional investors.

Insider Activity

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $8.38, for a total value of $586,985.48. Following the completion of the sale, the insider now owns 3,346,812 shares of the company’s stock, valued at approximately $28,046,284.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 180,112 shares of company stock worth $1,523,150 over the last 90 days. 6.18% of the stock is currently owned by insiders.

Saba Capital Income & Opportunities Fund II Trading Up 0.1 %

Shares of NYSE:SABA traded up $0.01 on Thursday, hitting $8.65. The company had a trading volume of 8,282 shares, compared to its average volume of 110,072. The firm’s 50-day simple moving average is $8.50 and its two-hundred day simple moving average is $8.08. Saba Capital Income & Opportunities Fund II has a 1 year low of $7.28 and a 1 year high of $8.73.

Saba Capital Income & Opportunities Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 11th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.70 annualized dividend and a dividend yield of 8.05%.

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.