2024-11-25
medium
112,476 shares
$1,255,173
@ $11.16
Significance
4/10
Saba Capital sells 112,476 shares (3.4% of holdings) in NPCT for $1,255,172.80; retains 3.17M shares as 10% owner
Saba Capital Management executed 2 separate sales totaling 112,476 shares for $1,255,172.80 on November 21–22, 2024, at a blended average price of $11.16. The sale reduced the firm's NPCT position by 3.4% (from 3,287,084 to 3,174,608 shares) while maintaining substantial 10% ownership. The transaction occurred near the fund's 52-week high of $11.85, with the current price at $11.33 (-4.4% from peak). Saba's open-market history shows 19 prior buys and only 1 prior sell across all tickers, indicating this sale is an uncommon event for the firm rather than a routine portfolio adjustment.