Western Asset High Income Fund II (NYSE:HIX) Shares Pass Below 200 Day Moving Average – Here’s Why

Western Asset High Income Fund II Inc. (NYSE:HIX) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.21 and traded as low as $3.93. Western Asset High Income Fund II shares last traded at $3.9350, with a volume of 164,439 shares changing hands.

Western Asset High Income Fund II Stock Down 1.6%

The business has a fifty day moving average price of $4.16 and a 200 day moving average price of $4.21.

Western Asset High Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.049 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 14.9%.

Hedge Funds Weigh In On Western Asset High Income Fund II

A number of large investors have recently bought and sold shares of the company. World Investment Advisors bought a new position in shares of Western Asset High Income Fund II during the 4th quarter worth approximately $418,000. NWF Advisory Services Inc. lifted its position in shares of Western Asset High Income Fund II by 11.0% in the fourth quarter. NWF Advisory Services Inc. now owns 463,940 shares of the closed-end fund’s stock worth $1,930,000 after purchasing an additional 46,140 shares in the last quarter. Virtu Financial LLC acquired a new position in Western Asset High Income Fund II during the fourth quarter worth $196,000. Guggenheim Capital LLC boosted its holdings in Western Asset High Income Fund II by 124.7% during the fourth quarter. Guggenheim Capital LLC now owns 544,204 shares of the closed-end fund’s stock worth $2,264,000 after purchasing an additional 301,968 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Western Asset High Income Fund II by 23.2% in the fourth quarter. Osaic Holdings Inc. now owns 573,337 shares of the closed-end fund’s stock valued at $2,385,000 after purchasing an additional 108,088 shares in the last quarter.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.