Insider Selling: Saba Capital Income & Opportunities Fund II (NYSE:SABA) Major Shareholder Sells 1,601 Shares of Stock

Saba Capital Income & Opportunities Fund II (NYSE:SABA) major shareholder Saba Capital Management, L.P. sold 1,601 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $8.51, for a total transaction of $13,624.51. Following the completion of the transaction, the insider now owns 3,340,582 shares in the company, valued at approximately $28,428,352.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% 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 transaction 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 shares were sold at an average price of $8.46, for a total transaction of $37,672.38.

Saba Capital Income & Opportunities Fund II Trading Down 0.2 %

SABA traded down $0.02 during midday trading on Tuesday, hitting $8.49. The company had a trading volume of 76,565 shares, compared to its average volume of 116,542. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $8.65. The firm’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $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 dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 8.20%. The ex-dividend date was Tuesday, September 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Rock Point Advisors LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the second quarter valued at approximately $162,000. Farther Finance Advisors LLC acquired a new stake in Saba Capital Income & Opportunities Fund II during the second quarter worth about $521,000. HB Wealth Management LLC bought a new position in shares of Saba Capital Income & Opportunities Fund II in the 2nd quarter valued at $98,000. Family Firm Inc. bought a new stake in Saba Capital Income & Opportunities Fund II during the 2nd quarter worth $83,000. Finally, Fiera Capital Corp bought a new position in Saba Capital Income & Opportunities Fund II during the 2nd quarter worth $797,000. Institutional investors own 22.22% of the company’s stock.

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.