Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 104,700 shares, a decrease of 67.8% from the June 30th total of 324,700 shares. Based on an average daily trading volume, of 269,800 shares, the short-interest ratio is currently 0.4 days.
Western Asset High Income Fund II Trading Up 3.9 %
NYSE:HIX traded up $0.20 during trading hours on Thursday, reaching $5.39. 12,599 shares of the stock were exchanged, compared to its average volume of 263,006. The firm has a 50 day moving average of $5.13 and a 200 day moving average of $5.73. Western Asset High Income Fund II has a twelve month low of $4.87 and a twelve month high of $7.75.
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Western Asset High Income Fund II Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 24th will be paid a $0.049 dividend. This represents a $0.59 annualized dividend and a dividend yield of 10.91%. The ex-dividend date is Tuesday, August 23rd.
Institutional Trading of Western Asset High Income Fund II
A number of institutional investors and hedge funds have recently made changes to their positions in HIX. Sage Capital Advisors llc boosted its stake in Western Asset High Income Fund II by 19.1% in the first quarter. Sage Capital Advisors llc now owns 12,426 shares of the closed-end fund's stock valued at $71,000 after buying an additional 1,997 shares in the last quarter. Samalin Investment Counsel LLC boosted its stake in shares of Western Asset High Income Fund II by 6.1% in the 4th quarter. Samalin Investment Counsel LLC now owns 35,568 shares of the closed-end fund's stock valued at $255,000 after purchasing an additional 2,042 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Western Asset High Income Fund II by 3.3% in the 1st quarter. Royal Bank of Canada now owns 106,576 shares of the closed-end fund's stock valued at $642,000 after purchasing an additional 3,445 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Western Asset High Income Fund II by 9.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 42,035 shares of the closed-end fund's stock worth $301,000 after buying an additional 3,676 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Western Asset High Income Fund II by 2.2% in 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 purchasing an additional 3,937 shares during the last quarter.
Western Asset High Income Fund II Company Profile
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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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