Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating)'s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.13 and traded as low as $5.07. Western Asset High Income Fund II shares last traded at $5.08, with a volume of 212,659 shares.
Western Asset High Income Fund II Price Performance
The business has a 50 day moving average price of $5.13 and a 200 day moving average price of $5.74.
Get Western Asset High Income Fund II alerts:Western Asset High Income Fund II Announces Dividend
The company 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 dividend of $0.049 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.59 annualized dividend and a yield of 11.57%.
Hedge Funds Weigh In On Western Asset High Income Fund II
Several institutional investors and hedge funds have recently added to or reduced their stakes in HIX. GraniteShares Advisors LLC bought a new position in Western Asset High Income Fund II during the fourth quarter valued at about $2,695,000. Shaker Financial Services LLC bought a new position in Western Asset High Income Fund II during the fourth quarter valued at about $1,657,000. UBS Group AG increased its stake in 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 acquiring an additional 95,573 shares during the period. OTA Financial Group L.P. bought a new position in Western Asset High Income Fund II during the first quarter valued at about $418,000. Finally, AEGON USA Investment Management LLC increased its stake in Western Asset High Income Fund II by 138.9% during the second quarter. AEGON USA Investment Management LLC now owns 102,779 shares of the closed-end fund's stock valued at $507,000 after acquiring an additional 59,757 shares during the period.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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