Western Asset High Income Fund II Inc. (NYSE:HIX) Short Interest Down 17.5% in August

Western Asset High Income Fund II Inc. (NYSE:HIX) 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

A number of institutional investors have recently made changes to their positions in the company. Clear Street Markets LLC purchased a new position in Western Asset High Income Fund II during the first quarter worth about $36,000. CoreCap Advisors LLC purchased a new stake in Western Asset High Income Fund II in the fourth quarter valued at approximately $40,000. Private Advisor Group LLC acquired a new stake in shares of Western Asset High Income Fund II during the first quarter worth about $64,000. Stifel Financial Corp acquired a new stake in Western Asset High Income Fund II during the 2nd quarter worth approximately $53,000. Finally, Virtu Financial LLC purchased a new stake in shares of Western Asset High Income Fund II during the first quarter worth $72,000.

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.