Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Stock Price Down 0.1% – Time to Sell?

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW)’s stock price traded down 0.1% on Tuesday . The company traded as low as $7.64 and last traded at $7.72. 143,156 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 162,098 shares. The stock had previously closed at $7.73.

Saba Capital Income & Opportunities Fund Price Performance

The company has a 50 day simple moving average of $7.65 and a 200-day simple moving average of $7.40.

Saba Capital Income & Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $0.085 per share. This represents a $1.02 annualized dividend and a dividend yield of 13.21%. The ex-dividend date of this dividend is Tuesday, December 10th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sea Otter Advisors LLC purchased a new position in shares of Saba Capital Income & Opportunities Fund in the second quarter worth $35,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Saba Capital Income & Opportunities Fund in the third quarter valued at about $74,000. J.W. Cole Advisors Inc. bought a new position in shares of Saba Capital Income & Opportunities Fund during the second quarter valued at about $124,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Saba Capital Income & Opportunities Fund during the third quarter worth about $215,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund in the second quarter worth about $271,000.

About Saba Capital Income & Opportunities Fund

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.