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

Shares of Western Asset High Income Fund II Inc. (NYSE:HIX) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.01 and traded as low as $3.93. Western Asset High Income Fund II shares last traded at $3.9440, with a volume of 315,630 shares.

Western Asset High Income Fund II Trading Down 0.6%

The stock has a 50-day moving average price of $3.94 and a 200 day moving average price of $4.01.

Western Asset High Income Fund II Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in shares of Western Asset High Income Fund II by 7.6% in the fourth 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 period. Invesco Ltd. increased its holdings in shares of Western Asset High Income Fund II by 1.3% in the 3rd quarter. Invesco Ltd. now owns 962,436 shares of the closed-end fund’s stock valued at $4,187,000 after acquiring an additional 12,373 shares during the period. GraniteShares Advisors LLC acquired a new position in shares of Western Asset High Income Fund II in the 4th quarter valued at $2,762,000. Osaic Holdings Inc. raised its position in Western Asset High Income Fund II by 23.2% in the 4th quarter. Osaic Holdings Inc. now owns 573,337 shares of the closed-end fund’s stock valued at $2,385,000 after purchasing an additional 108,088 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Western Asset High Income Fund II by 124.7% in the 4th quarter. Guggenheim Capital LLC now owns 544,204 shares of the closed-end fund’s stock valued at $2,264,000 after purchasing an additional 301,968 shares during the last quarter.

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.