Western Asset High Income Fund II Inc. (NYSE:HIX) Short Interest Up 56.1% in August

Western Asset High Income Fund II Inc. (NYSE:HIX) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 550,301 shares, a growth of 56.1% from the August 15th total of 352,565 shares. Based on an average daily volume of 379,512 shares, the days-to-cover ratio is currently 1.5 days.

Western Asset High Income Fund II Stock Up 0.9%

Shares of NYSE:HIX traded up $0.04 on Thursday, hitting $3.79. 393,885 shares of the company’s stock were exchanged, compared to its average volume of 340,613. Western Asset High Income Fund II has a 12 month low of $3.74 and a 12 month high of $4.40. The business’s 50 day simple moving average is $3.91 and its two-hundred day simple moving average is $3.95.

Western Asset High Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.049 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a yield of 15.5%.

Institutional Trading of Western Asset High Income Fund II

Hedge funds have recently bought and sold shares of the stock. One Capital Management LLC purchased a new stake in shares of Western Asset High Income Fund II during the fourth quarter valued at about $43,000. HighTower Advisors LLC purchased a new position in Western Asset High Income Fund II during the 2nd quarter worth approximately $42,000. Equitable Holdings Inc. acquired a new stake in shares of Western Asset High Income Fund II in the second quarter worth $42,000. Closed End Fund Advisors Inc. acquired a new stake in Western Asset High Income Fund II during the 4th quarter worth about $50,000. Finally, Global Retirement Partners LLC purchased a new position in Western Asset High Income Fund II during the second quarter valued at approximately $53,000.

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.