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

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 410,900 shares, an increase of 1,283.5% from the July 15th total of 29,700 shares. Based on an average daily volume of 438,800 shares, the days-to-cover ratio is presently 0.9 days.

Western Asset High Income Fund II Price Performance

Shares of HIX stock opened at $4.35 on Wednesday. The company’s 50 day moving average is $4.42 and its 200 day moving average is $4.43. Western Asset High Income Fund II has a 52-week low of $4.16 and a 52-week high of $5.07.

Western Asset High Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be issued a $0.049 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 13.52%.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of hedge funds have recently made changes to their positions in HIX. Larson Financial Group LLC bought a new position in shares of Western Asset High Income Fund II during the 2nd quarter worth approximately $27,000. Hartline Investment Corp acquired a new position in shares of Western Asset High Income Fund II during the first quarter worth $48,000. Shaker Financial Services LLC acquired a new position in shares of Western Asset High Income Fund II during the second quarter worth $104,000. MRA Advisory Group lifted its holdings in shares of Western Asset High Income Fund II by 25.7% during the 1st quarter. MRA Advisory Group now owns 23,816 shares of the closed-end fund’s stock valued at $106,000 after purchasing an additional 4,874 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Western Asset High Income Fund II in the 4th quarter worth $112,000.

Western Asset High Income Fund II Company Profile

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.