Western Asset High Income Fund II Inc. (NYSE:HIX) Stock Short Interest Declines 83.4%

Western Asset High Income Fund II Inc. (NYSE:HIX) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 79,058 shares, a decrease of 83.4% from the September 15th total of 476,420 shares. Based on an average daily volume of 536,428 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Western Asset High Income Fund II

Institutional investors have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. bought a new position in Western Asset High Income Fund II in the 2nd quarter valued at approximately $848,000. Bank of America Corp DE purchased a new position in Western Asset High Income Fund II in the 2nd quarter worth about $1,110,000. HighTower Advisors LLC bought a new position in Western Asset High Income Fund II during the second quarter valued at approximately $42,000. Susquehanna International Group LLP lifted its holdings in shares of Western Asset High Income Fund II by 88.9% during the 2nd quarter. Susquehanna International Group LLP now owns 42,791 shares of the closed-end fund’s stock valued at $169,000 after buying an additional 20,144 shares during the period. Finally, Equitable Holdings Inc. purchased a new position in shares of Western Asset High Income Fund II in the 2nd quarter worth $42,000.

Western Asset High Income Fund II Trading Up 0.4%

Shares of HIX traded up $0.01 during trading hours on Friday, reaching $3.50. 252,848 shares of the company traded hands, compared to its average volume of 352,537. The company’s fifty day moving average price is $3.79 and its two-hundred day moving average price is $3.90. Western Asset High Income Fund II has a 12 month low of $3.45 and a 12 month high of $4.35.

Western Asset High Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.0490 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 16.8%. The ex-dividend date is Friday, November 20th.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II Inc (NYSE: HIX) is a closed-end investment fund that seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation. The fund is managed by Western Asset Management Company, an investment manager specializing in fixed-income portfolios.

HIX invests primarily in high-yield, below-investment-grade debt securities issued by companies and other entities. Its portfolio may include corporate bonds, bank loans and other fixed-income instruments, with investments spanning U.S.