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

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 482,007 shares, an increase of 94.3% from the July 15th total of 248,069 shares. Based on an average trading volume of 361,662 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Western Asset High Income Fund II

A number of institutional investors have recently bought and sold shares of HIX. UBS Group AG grew its stake in Western Asset High Income Fund II by 7.6% in the 4th quarter. UBS Group AG now owns 3,906,673 shares of the closed-end fund’s stock valued at $16,252,000 after acquiring an additional 276,280 shares during the last quarter. GraniteShares Advisors LLC acquired a new stake in Western Asset High Income Fund II during the fourth quarter worth approximately $2,762,000. Global Retirement Partners LLC purchased a new stake in shares of Western Asset High Income Fund II in the second quarter valued at $53,000. Keating Financial Advisory Services Inc. purchased a new stake in Western Asset High Income Fund II in the 2nd quarter valued at about $109,000. Finally, Hara Capital LLC purchased a new stake in Western Asset High Income Fund II in the second quarter valued at approximately $180,000.

Western Asset High Income Fund II Trading Up 0.5%

NYSE HIX opened at $3.95 on Tuesday. Western Asset High Income Fund II has a 12-month low of $3.75 and a 12-month high of $4.40. The business’s 50 day moving average is $3.94 and its two-hundred day moving average is $4.00.

Western Asset High Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.049 per share. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Friday, November 20th.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.