Saba Capital sold 137,090 shares (137.1K) in 2 transactions for $1,214,782.50 ($1.2M) at $8.86–$8.95, reducing stake from 3.16M to 3.02M shares.
Saba Capital, a 10% owner of SABA, executed two open-market sales on consecutive days (March 4–5, 2025), selling 137,090 shares totaling $1,214,782.50 at prices ($8.95 and $8.81) near the current market price of $8.84. The sales reduced the firm's shareholding by 4.3%, from 3,158,589 to 3,021,499 shares, while the stock has declined 4.3% over the past 30 days and sits 5.6% below its 52-week high of $9.36. This represents a sell-side transaction by a major insider, though the disposition is moderate relative to holdings and occurs within a recent downtrend; cross-ticker track record shows 15 prior buys versus 5 prior sells, suggesting a historically buy-biased pattern.