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

Western Asset High Income Fund II Inc. (NYSE:HIX) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 184,700 shares, a growth of 213.1% from the January 31st total of 59,000 shares. Based on an average daily volume of 479,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Western Asset High Income Fund II during the 4th quarter worth $35,000. Wedbush Securities Inc. purchased a new stake in Western Asset High Income Fund II in the fourth quarter worth about $63,000. Apollon Wealth Management LLC purchased a new position in Western Asset High Income Fund II during the 4th quarter valued at about $66,000. D.A. Davidson & CO. purchased a new position in Western Asset High Income Fund II during the 3rd quarter valued at about $81,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Western Asset High Income Fund II in the 4th quarter valued at about $83,000.

Western Asset High Income Fund II Trading Up 0.1 %

Shares of NYSE HIX traded up $0.01 during mid-day trading on Friday, reaching $4.40. The company had a trading volume of 224,931 shares, compared to its average volume of 416,530. Western Asset High Income Fund II has a 52 week low of $4.15 and a 52 week high of $4.57. The business’s 50-day moving average is $4.30 and its 200-day moving average is $4.38.

Western Asset High Income Fund II Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.049 dividend. The ex-dividend date is Monday, March 24th.

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.