Western Asset High Income Fund II (NYSE:HIX) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Western Asset High Income Fund II Inc. (NYSE:HIX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.40 and traded as low as $4.27. Western Asset High Income Fund II shares last traded at $4.28, with a volume of 728,676 shares.

Western Asset High Income Fund II Price Performance

The firm’s 50-day simple moving average is $4.35 and its 200-day simple moving average is $4.40.

Western Asset High Income Fund II Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.049 per share. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HIX. D.A. Davidson & CO. bought a new position in shares of Western Asset High Income Fund II during the 3rd quarter worth $81,000. Insigneo Advisory Services LLC purchased a new stake in Western Asset High Income Fund II in the second quarter worth about $123,000. Arete Wealth Advisors LLC grew its holdings in Western Asset High Income Fund II by 97.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after acquiring an additional 16,535 shares in the last quarter. XTX Topco Ltd purchased a new position in Western Asset High Income Fund II during the 3rd quarter valued at about $178,000. Finally, Wolverine Asset Management LLC purchased a new position in Western Asset High Income Fund II during the 3rd quarter valued at about $198,000.

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.