Saba Capital (NFJ) adds 3,509 Virtus Dividend, Interest & Premium shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saba Capital Management, L.P., a more than ten percent owner of Virtus Dividend, Interest & Premium Strategy Fund, reported an open-market purchase of 3,509 fund shares at $12.65 per share. After this transaction, it indirectly holds a total of 10,216,703 shares of the fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,509 shares ($44,389)
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
3,509 shs ($44K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Virtus Dividend, Interest & Premium Strategy Fund | 3,509 | $12.65 | $44K |
Holdings After Transaction:
Virtus Dividend, Interest & Premium Strategy Fund — 10,216,703 shares (Indirect, _)
Footnotes (1)
Key Figures
Shares purchased: 3,509 shares
Purchase price: $12.65 per share
Shares held after transaction: 10,216,703 shares
+1 more
4 metrics
Shares purchased
3,509 shares
Open-market buy on 2026-04-01
Purchase price
$12.65 per share
Reported transaction price
Shares held after transaction
10,216,703 shares
Indirect holdings following purchase
Net buy shares
3,509 shares
Net buy direction in transaction summary
Key Terms
open-market purchase, ten percent owner, indirect ownership, transaction code P
4 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner regulatory
""is_ten_percent_owner": 1"
indirect ownership financial
""ownership_type": "indirect""
transaction code P regulatory
""transaction_code": "P""
FAQ
What insider transaction did Saba Capital report for NFJ?
Saba Capital Management, L.P. reported an open-market purchase of 3,509 shares of Virtus Dividend, Interest & Premium Strategy Fund at $12.65 per share. This filing reflects an increase in its indirect ownership stake in the closed-end fund.
Was the NFJ insider transaction a buy or a sell?
The transaction was a buy. Saba Capital Management, L.P. executed an open-market purchase of 3,509 shares, as indicated by transaction code P and the description specifying a purchase in an open market or private transaction.