Western Asset High Income Fund II Inc. (NYSE:HIX) Sees Large Growth in Short Interest

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 204,300 shares, an increase of 46.6% from the September 15th total of 139,400 shares. Based on an average daily trading volume, of 339,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 339,500 shares, the days-to-cover ratio is currently 0.6 days.

Western Asset High Income Fund II Stock Performance

Western Asset High Income Fund II stock opened at $4.23 on Friday. Western Asset High Income Fund II has a 52 week low of $3.65 and a 52 week high of $4.54. The business has a 50-day simple moving average of $4.32 and a 200 day simple moving average of $4.23.

Western Asset High Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be given a dividend of $0.049 per share. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date is Friday, October 24th.

Hedge Funds Weigh In On Western Asset High Income Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIX. Comerica Bank grew its position in Western Asset High Income Fund II by 134.1% during the first quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock worth $39,000 after buying an additional 5,367 shares in the last quarter. Summit Securities Group LLC purchased a new position in Western Asset High Income Fund II during the first quarter worth about $45,000. Merit Financial Group LLC purchased a new position in Western Asset High Income Fund II during the third quarter worth about $45,000. Geneos Wealth Management Inc. grew its position in Western Asset High Income Fund II by 288.4% during the second quarter. Geneos Wealth Management Inc. now owns 11,531 shares of the closed-end fund’s stock worth $49,000 after buying an additional 8,562 shares in the last quarter. Finally, Accredited Investor Services LLC purchased a new position in shares of Western Asset High Income Fund II in the 2nd quarter worth about $60,000.

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.