Short Interest in Western Asset High Income Fund II Inc. (NYSE:HIX) Drops By 12.4%

Western Asset High Income Fund II Inc. (NYSE:HIX) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 150,300 shares, a drop of 12.4% from the December 31st total of 171,600 shares. Based on an average daily trading volume, of 475,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Western Asset High Income Fund II

Institutional investors and hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC acquired a new position in shares of Western Asset High Income Fund II in the fourth quarter worth $66,000. D.A. Davidson & CO. purchased a new stake in Western Asset High Income Fund II during the 3rd quarter worth about $81,000. Arete Wealth Advisors LLC raised its stake in Western Asset High Income Fund II by 97.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock valued at $150,000 after purchasing an additional 16,535 shares during the last quarter. XTX Topco Ltd purchased a new position in Western Asset High Income Fund II in the 3rd quarter valued at about $178,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Western Asset High Income Fund II during the 3rd quarter worth about $198,000.

Western Asset High Income Fund II Stock Up 0.7 %

Shares of HIX stock opened at $4.28 on Friday. The stock has a fifty day moving average price of $4.32 and a 200 day moving average price of $4.39. Western Asset High Income Fund II has a 1 year low of $4.15 and a 1 year high of $4.64.

Western Asset High Income Fund II Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be paid a dividend of $0.049 per share. This represents a dividend yield of 13.64%. The ex-dividend date of this dividend is Friday, January 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.