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Saba Capital Management, L.P., a major stakeholder in Saba Capital Income & Opportunities Fund II (NYSE:SABA), has recently sold a significant portion of its holdings. According to a recent SEC filing, the firm disposed of 137,090 shares in two separate transactions on March 4 and March 5, 2025.
The transactions were executed at prices ranging from $8.81 to $8.95 per share, totaling approximately $1.21 million. Following these sales, Saba Capital Management now holds 3,021,499 shares of the fund. With a beta of 0.38, the fund demonstrates lower volatility compared to the broader market. Unlock more insights about SABA’s valuation and growth potential with InvestingPro, which offers exclusive analysis and 6 additional ProTips.
Boaz Weinstein, a prominent figure associated with Saba Capital, also signed off on the transactions, indicating the strategic decision to reduce the stake in the fund. This move comes as part of the firm’s ongoing portfolio management activities. The fund maintains a FAIR financial health score according to InvestingPro analysis, with a current ratio of 1.33 indicating stable liquidity position.
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