Boaz Weinstein’s Saba Capital Management Bought Deutsche High Income Opportunities Fund Inc’s Shares





Boaz Weinstein's Saba Capital Management increased Position in Deutsche High Income Opportunitis Fd Inc (NYSE:DHG)

Saba Capital Management has filled a SC 13D/A form regarding Deutsche High Income Opportunities Fund, Inc 14.60 +0.16 1.11%. Filing Link: 000090266415002893. Per Boaz Weinstein's Saba Capital Management's filing, the filler reported increased stake in the company by 9.62% to 1,391,539 shares. Boaz Weinstein's Saba Capital Management now owns 9.2% of the Finance-company. This form was required due to trading activity on June 18, 2015.

The $7.93 billion hedge fund looks more positive after such an increase of Deutsche High Income Opportunities Fund, Inc's position.

The hedge fund has been active in the Finance sector recently. In the fund's latest 13F, it revealed several positions. This sector is 23% of Boaz Weinstein's Saba Capital Management's US equities portfolio.

Deutsche High Income Opportunities Fund, Inc Hedge Funds Ownership

Latest SEC filings show 32 hedge funds and institutional investors own Deutsche High Income Opportunities Fund, Inc. The institutional ownership of the company in Q1 2015 is low, at 41.33% of the shares outstanding. They increased by 316263 the total shares they hold. As of that quarter these institutional investors owned 6278065 shares. A total of 1 funds opened new positions in Deutsche High Income Opportunities Fund, Inc and 10 increased their holdings. There were 6 funds that closed their positions and 14 that reduced them.

HEDGE-FUNDS-LIST-DATABASE-FREE Selway Asset Management is the most positive institutional investor on Deutsche High Income Opportunities Fund, Inc, with ownership of 139113 shares as of Q1 2015 for 1.06% of the fund's portfolio. Bulldog Investors Llc is another positive player owning 1358033 shares of the company or 7.44% of their stocks portfolio. NY Saba Capital Management Lp have 1.57% of their stock portfolio invested in the stock for 1045218. Further, Mariner Investment Group Llc disclosed it had purchased a stake worth 0.79% of the fund's stock portfolio in the company. The TX Doliver Capital Advisors Inc was also a notable investor in the firm, owning 66874 shares. Deutsche High Income Opportunities Fund, Inc is 0.62% of the fund's stock portfolio.

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Company Profile

Deutsche High Income Opportunities Fund, Inc. is a closed-ended investment management company. The Fund seeks high current income with a secondary objective of total return. The fund may invest in a variety of income producing securities and may invest more heavily in below investment grade securities and securities whose issuers are located in countries with new or emerging securities markets. The fund may invest in a range of income-producing securities, including domestic and foreign debt securities of any credit quality or maturity, convertible securities (including convertible bonds), dividend-paying common stocks, preferred stocks, and securities of real estate investment trusts (REITs), energy trusts and other investment companies. Deutsche Investment Management Americas Inc. is the fund's investment advisor.

Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other "change of control" events.

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