Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Trading Down 0.1%

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Rating)’s share price was down 0.1% during trading on Wednesday . The company traded as low as $7.82 and last traded at $7.91. Approximately 57,650 shares were traded during trading, a decline of 46% from the average daily volume of 107,684 shares. The stock had previously closed at $7.92.

Saba Capital Income & Opportunities Fund Price Performance

The business has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.00.

Saba Capital Income & Opportunities Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Tuesday, May 9th will be given a $0.088 dividend. This represents a $1.06 annualized dividend and a yield of 13.33%. This is a positive change from Saba Capital Income & Opportunities Fund’s previous monthly dividend of $0.09. The ex-dividend date is Monday, May 8th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRW. Parallel Advisors LLC acquired a new position in Saba Capital Income & Opportunities Fund during the fourth quarter worth $59,000. Wolverine Asset Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the fourth quarter valued at $78,000. Apollon Wealth Management LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the fourth quarter valued at $86,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the fourth quarter valued at $87,000. Finally, Jane Street Group LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund in the third quarter valued at $99,000.

Saba Capital Income & Opportunities Fund Company Profile

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Saba Capital Income & Opportunities Fund operates as a diversified, closed-end management investment company. It seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The company was founded on December 2, 1987 and is headquartered in New York, NY.