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

Western Asset High Income Fund II Inc. (NYSE:HIX)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.95 and traded as high as $3.99. Western Asset High Income Fund II shares last traded at $3.9650, with a volume of 464,980 shares changing hands.

Western Asset High Income Fund II Stock Down 0.4%

The business has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $4.04.

Western Asset High Income Fund II Dividend Announcement

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

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of institutional investors have recently bought and sold shares of the stock. Arax Advisory Partners purchased a new position in Western Asset High Income Fund II during the fourth quarter worth approximately $37,000. Comerica Bank grew its stake in shares of 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 valued at $39,000 after buying an additional 5,367 shares during the period. Williams Jones Wealth Management LLC. purchased a new stake in shares of Western Asset High Income Fund II during the 4th quarter valued at $42,000. One Capital Management LLC acquired a new stake in shares of Western Asset High Income Fund II during the 4th quarter worth $43,000. Finally, Merit Financial Group LLC acquired a new stake in shares of Western Asset High Income Fund II during the 3rd quarter worth $45,000.

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.