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

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Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 177,600 shares, an increase of 19.8% from the August 31st total of 148,300 shares. Based on an average daily volume of 236,600 shares, the days-to-cover ratio is currently 0.8 days.

Shares of Western Asset High Income Fund II stock traded up $0.01 during trading on Friday, reaching $6.43. The company had a trading volume of 162,249 shares, compared to its average volume of 436,727. The firm’s fifty day moving average is $6.62 and its 200-day moving average is $5.97. Western Asset High Income Fund II has a fifty-two week low of $3.55 and a fifty-two week high of $7.12.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 20th will be given a dividend of $0.049 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date is Thursday, November 19th.

Large investors have recently made changes to their positions in the stock. Coastal Investment Advisors Inc. bought a new position in Western Asset High Income Fund II in the 2nd quarter worth about $75,000. Price Capital Management Inc. bought a new position in Western Asset High Income Fund II in the 1st quarter worth about $82,000. Stifel Financial Corp bought a new position in Western Asset High Income Fund II in the 2nd quarter worth about $102,000. CNH Partners LLC bought a new position in Western Asset High Income Fund II in the 2nd quarter worth about $105,000. Finally, Steward Partners Investment Advisory LLC grew its position in Western Asset High Income Fund II by 32.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 17,645 shares of the closed-end fund’s stock worth $109,000 after purchasing an additional 4,284 shares during the last quarter.

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.

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