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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW)’s share price traded up 0.4% on Tuesday . The stock traded as high as $7.84 and last traded at $7.82. 109,083 shares changed hands during trading, a decline of 33% from the average session volume of 162,215 shares. The stock had previously closed at $7.79.

Saba Capital Income & Opportunities Fund Stock Performance

The stock has a 50-day moving average price of $7.81 and a 200-day moving average price of $7.67.

Saba Capital Income & Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.02 annualized dividend and a yield of 13.11%.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund during the fourth quarter worth about $190,000. Captrust Financial Advisors acquired a new stake in Saba Capital Income & Opportunities Fund during the fourth quarter valued at approximately $102,000. Bank of America Corp DE lifted its holdings in Saba Capital Income & Opportunities Fund by 11.7% during the 4th quarter. Bank of America Corp DE now owns 108,725 shares of the company’s stock worth $828,000 after buying an additional 11,377 shares during the last quarter. AQR Arbitrage LLC acquired a new position in shares of Saba Capital Income & Opportunities Fund in the 4th quarter worth approximately $98,000. Finally, Quarry LP bought a new stake in shares of Saba Capital Income & Opportunities Fund in the 4th quarter valued at approximately $2,105,000.

Saba Capital Income & Opportunities Fund Company Profile

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.