Western Asset High Income Fund II (NYSE:HIX) Shares Cross Above 50-Day Moving Average – What’s Next?

Western Asset High Income Fund II Inc. (NYSE:HIX)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.96 and traded as high as $4.04. Western Asset High Income Fund II shares last traded at $4.0250, with a volume of 433,552 shares traded.

Western Asset High Income Fund II Price Performance

The stock has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $4.09.

Western Asset High Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.049 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 14.6%.

Institutional Investors Weigh In On Western Asset High Income Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in shares of Western Asset High Income Fund II by 10.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,986 shares of the closed-end fund’s stock valued at $116,000 after purchasing an additional 2,639 shares during the last quarter. AlphaCore Capital LLC increased its position in shares of Western Asset High Income Fund II by 4.7% during the 4th quarter. AlphaCore Capital LLC now owns 60,686 shares of the closed-end fund’s stock valued at $252,000 after purchasing an additional 2,718 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Western Asset High Income Fund II by 18.5% during the 3rd quarter. Wedbush Securities Inc. now owns 18,691 shares of the closed-end fund’s stock valued at $81,000 after purchasing an additional 2,914 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Western Asset High Income Fund II by 4.9% during the 2nd quarter. Cetera Investment Advisers now owns 67,237 shares of the closed-end fund’s stock valued at $288,000 after purchasing an additional 3,112 shares during the last quarter. Finally, Integrity Advisory Solutions LLC increased its position in shares of Western Asset High Income Fund II by 19.7% during the 4th quarter. Integrity Advisory Solutions LLC now owns 20,850 shares of the closed-end fund’s stock valued at $87,000 after purchasing an additional 3,438 shares during the last quarter.

About Western Asset High Income Fund II

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.