10% owner Saba Capital sold 203,261 shares of ECAT at $15.30 avg over 2 days for $3.1M; current price $15.40
Saba Capital Management executed 2 separate sales totaling 203,261 shares for $3,110,694.05 at a blended average price of $15.30 on 2026-06-23 and 2026-06-24, reducing its stake from 18,245,437 shares to 18,042,176 shares (-1.1%). The sales occurred at prices slightly below the current market price of $15.40, and follow a pattern of 5 consecutive sell transactions at this ticker between 2026-06-10 and 2026-06-16. Within the 52-week context, the stock has risen 14.9% over 90 days but currently trades 10.2% below its 52-week high of $17.14, situating these sales within a period of relative strength. The sustained sequence of sales by a 10% owner warrants tracking whether this reflects ongoing portfolio adjustment or a broader shift in conviction at this position.