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

Western Asset High Income Fund II Inc. (NYSE:HIXGet Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,470,000 shares, a growth 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 currently 9.3 days.

Western Asset High Income Fund II Trading Up 0.7 %

Shares of NYSE HIX opened at $4.52 on Monday. Western Asset High Income Fund II has a 12 month low of $4.16 and a 12 month high of $5.60. The stock has a 50 day moving average of $4.77 and a 200-day moving average of $4.68.

Western Asset High Income Fund II Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 13.01%.

Hedge Funds Weigh In On Western Asset High Income Fund II

Several institutional investors and hedge funds have recently modified their holdings of HIX. Creative Planning increased its stake in shares of Western Asset High Income Fund II by 253.7% during the second quarter. Creative Planning now owns 233,477 shares of the closed-end fund’s stock worth $1,151,000 after purchasing an additional 167,474 shares during the period. Significant Wealth Partners LLC bought a new position in Western Asset High Income Fund II during the 4th quarter worth $711,000. UBS Group AG lifted its holdings in shares of Western Asset High Income Fund II by 5.9% during the first quarter. UBS Group AG now owns 2,289,066 shares of the closed-end fund’s stock worth $11,125,000 after buying an additional 127,284 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Western Asset High Income Fund II by 107.7% during the third quarter. Ameriprise Financial Inc. now owns 216,889 shares of the closed-end fund’s stock worth $968,000 after buying an additional 112,486 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Western Asset High Income Fund II in the third quarter valued at about $219,000.

About Western Asset High Income Fund II

(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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