Western Asset High Income Fund II (NYSE:HIX) Share Price Passes Above 50 Day Moving Average of $5.19

Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.19 and traded as high as $5.51. Western Asset High Income Fund II shares last traded at $5.50, with a volume of 194,354 shares traded.

Western Asset High Income Fund II Stock Performance

The business has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $5.10.

Western Asset High Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 24th will be issued a $0.049 dividend. This represents a $0.59 annualized dividend and a yield of 10.75%. The ex-dividend date is Monday, January 23rd.

Hedge Funds Weigh In On Western Asset High Income Fund II

Several hedge funds have recently made changes to their positions in the company. UBS Group AG boosted its position in shares of Western Asset High Income Fund II by 9.3% in the 3rd quarter. UBS Group AG now owns 2,181,395 shares of the closed-end fund’s stock valued at $9,511,000 after purchasing an additional 186,340 shares during the period. Guggenheim Capital LLC raised its position in Western Asset High Income Fund II by 3.8% in the 3rd quarter. Guggenheim Capital LLC now owns 625,437 shares of the closed-end fund’s stock valued at $2,727,000 after purchasing an additional 22,641 shares during the last quarter. GraniteShares Advisors LLC boosted its stake in Western Asset High Income Fund II by 3.0% during the 2nd quarter. GraniteShares Advisors LLC now owns 425,380 shares of the closed-end fund’s stock worth $2,097,000 after purchasing an additional 12,260 shares during the period. Commonwealth Equity Services LLC increased its stake in Western Asset High Income Fund II by 4.7% in the second quarter. Commonwealth Equity Services LLC now owns 399,374 shares of the closed-end fund’s stock valued at $1,968,000 after purchasing an additional 17,930 shares during the period. Finally, Clough Capital Partners L P purchased a new stake in shares of Western Asset High Income Fund II in the second quarter valued at about $1,965,000.

About Western Asset High Income Fund II

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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.