Western Asset High Income Fund II (NYSE:HIX) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Western Asset High Income Fund II Inc. (NYSE:HIX)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.05 and traded as low as $3.94. Western Asset High Income Fund II shares last traded at $3.9750, with a volume of 334,850 shares changing hands.

Western Asset High Income Fund II Stock Performance

The firm’s 50 day moving average is $3.96 and its 200-day moving average is $4.05.

Western Asset High Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.049 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 14.8%.

Institutional Investors Weigh In On Western Asset High Income Fund II

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its position in Western Asset High Income Fund II by 10.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,986 shares of the closed-end fund’s stock valued at $116,000 after acquiring an additional 2,639 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in Western Asset High Income Fund II by 4.7% in the 4th quarter. AlphaCore Capital LLC now owns 60,686 shares of the closed-end fund’s stock worth $252,000 after buying an additional 2,718 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Western Asset High Income Fund II by 4.9% during the second quarter. Cetera Investment Advisers now owns 67,237 shares of the closed-end fund’s stock valued at $288,000 after acquiring an additional 3,112 shares in the last quarter. Integrity Advisory Solutions LLC lifted its stake in shares of Western Asset High Income Fund II by 19.7% in the fourth quarter. Integrity Advisory Solutions LLC now owns 20,850 shares of the closed-end fund’s stock worth $87,000 after acquiring an additional 3,438 shares in the last quarter. Finally, Sage Capital Advisors llc boosted its holdings in Western Asset High Income Fund II by 5.5% in the fourth quarter. Sage Capital Advisors llc now owns 69,918 shares of the closed-end fund’s stock valued at $291,000 after purchasing an additional 3,675 shares during 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.