Saba Capital Administration acquires $354,118 in Eaton Vance New York Municipal Bond Fund shares

NEW YORK—Saba Capital Administration, L.P. has not too long ago elevated its stake in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), a fund identified for its 23-year monitor report of constant dividend funds and present engaging yield of 5.22%, by buying further shares. Based on a current SEC submitting, Saba Capital bought a complete of 36,517 shares over two days, December 17 and December 18, 2024, with a complete transaction worth of roughly $354,118. The acquisition costs ranged between $9.68 and $9.70 per share. The fund has demonstrated secure efficiency with a beta of 0.59, indicating decrease volatility than the broader market. InvestingPro evaluation reveals a number of further high quality indicators for this fund, with 5 key ProTips accessible to subscribers.

Following these transactions, Saba Capital now holds 3,235,033 shares of the fund. The funding agency, led by Boaz Weinstein, is a big stakeholder, holding greater than 10% of the fund’s frequent inventory. These acquisitions mirror Saba Capital’s ongoing curiosity in municipal bond investments, notably within the New York area. The fund maintains robust liquidity with a present ratio of two.34, and has posted a optimistic YTD return of 4.01%.

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