K2 Principal Fund L.P. Buys New Shares in Saba Capital Income & Opportunities Fund II (NYSE:SABA)

K2 Principal Fund L.P. purchased a new position in shares of Saba Capital Income & Opportunities Fund II (NYSE:SABA) in the third quarter, according to its most recent filing with the SEC. The firm purchased 20,000 shares of the company’s stock, valued at approximately $170,000. K2 Principal Fund L.P. owned 0.06% of Saba Capital Income & Opportunities Fund II at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Rivernorth Capital Management LLC grew its stake in Saba Capital Income & Opportunities Fund II by 37.5% during the third quarter. Rivernorth Capital Management LLC now owns 4,575,754 shares of the company’s stock worth $38,940,000 after purchasing an additional 1,246,847 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $5,836,000. Penserra Capital Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter worth approximately $4,780,000. Envestnet Asset Management Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at $2,833,000. Finally, Hara Capital LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund II during the 3rd quarter valued at $2,997,000. 22.22% of the stock is owned by institutional investors.

Insider Activity

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 4,453 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38. Following the completion of the sale, the insider now owns 3,450,271 shares in the company, valued at approximately $29,189,292.66. The trade was a 0.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 180,112 shares of company stock worth $1,523,150 in the last three months. Company insiders own 5.62% of the company’s stock.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of NYSE SABA opened at $9.05 on Friday. The company’s fifty day simple moving average is $8.65 and its 200 day simple moving average is $8.25. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.28 and a 12-month high of $9.11.

Saba Capital Income & Opportunities Fund II Dividend Announcement

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

Saba Capital Income & Opportunities Fund II 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.