Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 347,300 shares, a decline of 17.5% from the August 15th total of 421,100 shares. Based on an average daily volume of 140,900 shares, the days-to-cover ratio is presently 2.5 days.
Western Asset High Income Fund II Price Performance
HIX traded down $0.02 during trading on Tuesday, hitting $4.72. The stock had a trading volume of 81,898 shares, compared to its average volume of 153,355. Western Asset High Income Fund II has a twelve month low of $4.14 and a twelve month high of $5.71. The stock has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $4.84.
Western Asset High Income Fund II Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be issued a $0.049 dividend. This is a boost from Western Asset High Income Fund II’s previous dividend of $0.05. The ex-dividend date is Thursday, September 21st.
Institutional Trading of Western Asset High Income Fund II
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.
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