Western Asset High Income Fund II Inc. (NYSE:HIX) Sees Significant Increase in Short Interest

Western Asset High Income Fund II Inc. (NYSE:HIXGet Free Report) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,470,000 shares, an increase of 1,764.2% from the January 15th total of 132,500 shares. Based on an average daily volume of 265,800 shares, the short-interest ratio is presently 9.3 days.

Western Asset High Income Fund II Price Performance

NYSE HIX opened at $4.50 on Tuesday. Western Asset High Income Fund II has a 52-week low of $4.16 and a 52-week high of $5.60. The firm has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.68.

Western Asset High Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.049 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.59 annualized dividend and a yield of 13.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIX. Raymond James & Associates lifted its stake in shares of Western Asset High Income Fund II by 8.6% during the first quarter. Raymond James & Associates now owns 107,354 shares of the closed-end fund’s stock valued at $646,000 after buying an additional 8,492 shares during the period. Private Advisor Group LLC purchased a new position in shares of Western Asset High Income Fund II during the first quarter valued at approximately $64,000. Baird Financial Group Inc. lifted its stake in shares of Western Asset High Income Fund II by 2.2% during the first quarter. Baird Financial Group Inc. now owns 183,499 shares of the closed-end fund’s stock valued at $1,105,000 after buying an additional 3,937 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Western Asset High Income Fund II by 4.4% during the first quarter. NewEdge Advisors LLC now owns 111,100 shares of the closed-end fund’s stock valued at $669,000 after buying an additional 4,700 shares during the period. Finally, UBS Group AG lifted its stake in shares of Western Asset High Income Fund II by 5.3% during the first quarter. UBS Group AG now owns 1,915,095 shares of the closed-end fund’s stock valued at $11,528,000 after buying an additional 95,573 shares during the period.

Western Asset High Income Fund II Company Profile

(Get Free Report)

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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