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

Western Asset High Income Fund II Inc. (NYSE:HIX) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 95,600 shares, a decline of 58.2% from the February 28th total of 228,600 shares. Based on an average daily volume of 474,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Western Asset High Income Fund II

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new position in shares of Western Asset High Income Fund II in the 3rd quarter valued at about $81,000. Rockefeller Capital Management L.P. grew its position in shares of Western Asset High Income Fund II by 5.4% in the third quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock valued at $707,000 after purchasing an additional 8,000 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Western Asset High Income Fund II in the third quarter worth about $178,000. Arete Wealth Advisors LLC lifted its position in shares of Western Asset High Income Fund II by 97.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after purchasing an additional 16,535 shares during the last quarter. Finally, Melfa Wealth Management Inc. boosted its stake in Western Asset High Income Fund II by 40.9% during the 4th quarter. Melfa Wealth Management Inc. now owns 118,946 shares of the closed-end fund’s stock valued at $501,000 after purchasing an additional 34,500 shares during the period.

Western Asset High Income Fund II Price Performance

Shares of NYSE:HIX opened at $4.22 on Thursday. The company’s fifty day moving average is $4.32 and its two-hundred day moving average is $4.37. Western Asset High Income Fund II has a 12-month low of $4.15 and a 12-month high of $4.54.

Western Asset High Income Fund II Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.049 dividend. This represents a yield of 13.8%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset High Income Fund II

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.