Western Asset High Income Fund II Inc. (NYSE:HIX) Stock Short Interest Report for October

Western Asset High Income Fund II Inc. (NYSE:HIX) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 169,099 shares, an increase of 113.9% from the September 30th total of 79,058 shares. Based on an average trading volume of 330,211 shares, the short-interest ratio is currently 0.5 days.

Western Asset High Income Fund II Stock Up 0.1%

Shares of Western Asset High Income Fund II stock traded up $0.01 during trading hours on Friday, hitting $3.50. The company’s stock had a trading volume of 736,774 shares, compared to its average volume of 355,555. Western Asset High Income Fund II has a 12 month low of $3.34 and a 12 month high of $4.33. The stock has a 50 day moving average of $3.65 and a 200 day moving average of $3.92.

Western Asset High Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.0490 per share. This represents a $0.59 annualized dividend and a dividend yield of 16.8%. The ex-dividend date is Friday, November 20th.

Institutional Trading of Western Asset High Income Fund II

A number of large investors have recently bought and sold shares of HIX. GraniteShares Advisors LLC raised its holdings in Western Asset High Income Fund II by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 696,232 shares of the closed-end fund’s stock worth $2,458,000 after buying an additional 10,767 shares during the period. Bank of America Corp DE acquired a new position in shares of Western Asset High Income Fund II in the second quarter valued at approximately $1,110,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Western Asset High Income Fund II in the second quarter valued at approximately $848,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Western Asset High Income Fund II by 6.2% in the third quarter. SeaCrest Wealth Management LLC now owns 51,164 shares of the closed-end fund’s stock valued at $181,000 after buying an additional 3,009 shares during the period. Finally, Argyle Capital Partners LLC bought a new stake in shares of Western Asset High Income Fund II during the second quarter worth $190,000.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol HIX. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of high-yield, below-investment-grade debt securities issued by corporate borrowers. Its holdings may include bonds and other fixed-income instruments, with the portfolio managed to pursue income opportunities across various industries and credit sectors.

HIX is managed by Western Asset Management Company, a global fixed-income investment manager and part of Franklin Templeton.