Saba capital buys $76,329 in Eaton Vance New York Municipal Bond Fund shares

In a recent transaction, Saba Capital Management, L.P. acquired shares of Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX) valued at $76,329. The purchase, which occurred on March 14, 2025, involved the acquisition of 8,001 shares at a price of $9.54 per share. The fund, which offers a substantial 5.21% dividend yield, has shown resilience with a 2.09% year-to-date return and maintains strong liquidity with a current ratio of 2.34. Following this transaction, Saba Capital holds a total of 3,480,992 shares in the fund. The purchase was disclosed in a filing with the Securities and Exchange Commission, highlighting Saba Capital’s continued investment in the fund. According to InvestingPro, ENX has maintained dividend payments for 24 consecutive years, demonstrating consistent shareholder returns. Discover more insights about ENX’s financial health and performance metrics with InvestingPro’s comprehensive analysis tools.

In other recent news, Euronext (EPA:ENX) reported strong financial results for the full year 2024, with revenue increasing by 10.3% to €1,626.9 million and adjusted EBITDA rising by 16.4% to €1 billion. The company also announced the strategic acquisition of NASDAQ’s Nordic Power Futures business, which is expected to enhance its market presence in the Nordic and Baltic regions once regulatory approvals are obtained. Additionally, Euronext’s credit rating was upgraded from BBB+ to A- by S&P, reflecting its solid financial performance and strategic initiatives. Analysts from Bank of America and JPMorgan expressed interest in Euronext’s cost management and investment strategies, noting the company’s plans to invest significantly in strategic growth projects in 2025. Euronext’s CEO, Stefan Bujna, emphasized the company’s commitment to accelerating revenue and EBITDA growth, with plans to launch new financial derivatives and expand its repo clearing franchise. The company also highlighted its focus on non-volume related revenue, which accounted for 58% of total revenue, positioning it well for future growth. These developments indicate Euronext’s strategic efforts to enhance its market infrastructure and strengthen its financial position.

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