Western Asset High Income Fund II (NYSE:HIX) Share Price Passes Below 200-Day Moving Average – Here’s Why

Western Asset High Income Fund II Inc. (NYSE:HIX) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.10 and traded as low as $3.92. Western Asset High Income Fund II shares last traded at $3.9590, with a volume of 417,527 shares.

Western Asset High Income Fund II Stock Down 0.6%

The business’s fifty day moving average is $3.96 and its 200 day moving average is $4.10.

Western Asset High Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.049 dividend. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank boosted 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 valued at $39,000 after purchasing an additional 5,367 shares during the last quarter. Jane Street Group LLC bought a new position in Western Asset High Income Fund II in the 1st quarter worth $64,000. Cetera Investment Advisers lifted its position in Western Asset High Income Fund II by 4.9% during the 2nd quarter. Cetera Investment Advisers now owns 67,237 shares of the closed-end fund’s stock worth $288,000 after acquiring an additional 3,112 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Western Asset High Income Fund II by 288.4% in the 2nd 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 during the period. Finally, Merit Financial Group LLC acquired a new position in shares of Western Asset High Income Fund II during the third quarter worth approximately $45,000.

About Western Asset High Income Fund II

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.