Western Asset High Income Fund II Inc. (NYSE:HIX) Short Interest Up 1,283.5% in July

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 410,900 shares, a growth of 1,283.5% from the July 15th total of 29,700 shares. Based on an average daily trading volume, of 438,800 shares, the days-to-cover ratio is presently 0.9 days.

Western Asset High Income Fund II Trading Up 0.5 %

NYSE:HIX opened at $4.35 on Wednesday. Western Asset High Income Fund II has a 52 week low of $4.16 and a 52 week high of $5.07. The firm has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $4.43.

Western Asset High Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be issued a $0.049 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 13.52%. The ex-dividend date is Thursday, November 21st.

Institutional Trading of Western Asset High Income Fund II

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in shares of Western Asset High Income Fund II by 4.8% during the 4th quarter. Raymond James & Associates now owns 260,974 shares of the closed-end fund’s stock valued at $1,294,000 after buying an additional 11,947 shares during the last quarter. Significant Wealth Partners LLC bought a new position in Western Asset High Income Fund II during the fourth quarter worth about $711,000. Robinson Capital Management LLC purchased a new position in shares of Western Asset High Income Fund II in the first quarter worth about $385,000. Sage Capital Advisors llc lifted its stake in shares of Western Asset High Income Fund II by 20.7% during the 2nd quarter. Sage Capital Advisors llc now owns 86,137 shares of the closed-end fund’s stock valued at $375,000 after buying an additional 14,750 shares in the last quarter. Finally, Calamos Advisors LLC boosted its holdings in Western Asset High Income Fund II by 46.4% in the 2nd quarter. Calamos Advisors LLC now owns 51,678 shares of the closed-end fund’s stock worth $225,000 after buying an additional 16,371 shares during the period.

About Western Asset High Income Fund II

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.