Western Asset High Income Fund II (NYSE:HIX) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Western Asset High Income Fund II Inc. (NYSE:HIX) shares crossed 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 trading hands.

Western Asset High Income Fund II Stock Performance

The stock has a 50-day moving average price of $3.95 and a 200-day moving average price of $4.04.

Western Asset High Income Fund II Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HIX. Commonwealth Equity Services LLC raised its stake in shares of Western Asset High Income Fund II by 10.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,986 shares of the closed-end fund’s stock worth $116,000 after buying an additional 2,639 shares in the last quarter. AlphaCore Capital LLC grew its holdings in Western Asset High Income Fund II by 4.7% during the fourth quarter. AlphaCore Capital LLC now owns 60,686 shares of the closed-end fund’s stock worth $252,000 after acquiring an additional 2,718 shares during the period. Cetera Investment Advisers grew its holdings in 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 worth $288,000 after acquiring an additional 3,112 shares during the period. Integrity Advisory Solutions LLC raised its position in 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 lifted its holdings in Western Asset High Income Fund II by 5.5% in the 4th quarter. Sage Capital Advisors llc now owns 69,918 shares of the closed-end fund’s stock valued at $291,000 after acquiring 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.