Western Asset High Income Fund II (NYSE:HIX) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.96 and traded as high as $4.04. Western Asset High Income Fund II shares last traded at $4.0250, with a volume of 433,552 shares traded.

Western Asset High Income Fund II Price Performance

The company has a 50-day moving average price of $3.96 and a 200 day moving average price of $4.09.

Get Western Asset High Income Fund II alerts:

Western Asset High Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.049 per share. This represents a c) annualized dividend and a yield of 14.6%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIX. Arax Advisory Partners purchased a new stake in Western Asset High Income Fund II in the fourth quarter valued at about $37,000. Comerica Bank raised its stake in Western Asset High Income Fund II by 134.1% in the first quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock valued at $39,000 after buying an additional 5,367 shares during the last quarter. Williams Jones Wealth Management LLC. purchased a new stake in Western Asset High Income Fund II in the fourth quarter valued at about $42,000. One Capital Management LLC purchased a new stake in Western Asset High Income Fund II in the fourth quarter valued at about $43,000. Finally, Merit Financial Group LLC purchased a new stake in Western Asset High Income Fund II in the third quarter valued at about $45,000.

About Western Asset High Income Fund II

(Get Free Report)

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.

Read More

• Five stocks we like better than Western Asset High Income Fund II
• Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
• These 3 Software Stocks Are Buying Back Shares Hand Over Fist
• Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
• MongoDB’s AI Advantage Is Starting to Show Up in Results

Receive News & Ratings for Western Asset High Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.