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 recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 204,300 shares, an increase of 46.6% from the September 15th total of 139,400 shares. Based on an average daily trading volume, of 339,500 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 339,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of Western Asset High Income Fund II by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 64,125 shares of the closed-end fund’s stock valued at $268,000 after acquiring an additional 2,895 shares during the period. Rockefeller Capital Management L.P. increased its stake in Western Asset High Income Fund II by 1.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 218,352 shares of the closed-end fund’s stock worth $937,000 after buying an additional 3,653 shares during the period. Total Wealth Planning & Management Inc. increased its stake in Western Asset High Income Fund II by 5.9% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 69,215 shares of the closed-end fund’s stock worth $297,000 after buying an additional 3,870 shares during the period. Comerica Bank increased its stake in Western Asset High Income Fund II by 134.1% during the 1st quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock worth $39,000 after buying an additional 5,367 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in Western Asset High Income Fund II by 7.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 87,389 shares of the closed-end fund’s stock worth $357,000 after buying an additional 5,892 shares during the period.

Western Asset High Income Fund II Stock Up 0.8%

Shares of HIX stock opened at $4.26 on Thursday. The firm’s 50-day moving average is $4.32 and its two-hundred day moving average is $4.23. Western Asset High Income Fund II has a 12 month low of $3.65 and a 12 month high of $4.54.

Western Asset High Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be paid a $0.049 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, October 24th.

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.