Western Asset High Income Fund II Inc. (NYSE:HIX) Short Interest Update

Western Asset High Income Fund II Inc. (NYSE:HIX) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 347,300 shares, a decrease of 17.5% from the August 15th total of 421,100 shares. Based on an average daily volume of 140,900 shares, the short-interest ratio is currently 2.5 days.

Western Asset High Income Fund II Stock Performance

Shares of NYSE HIX traded down $0.02 during mid-day trading on Tuesday, reaching $4.72. 81,898 shares of the company traded hands, compared to its average volume of 153,355. The company’s fifty day moving average is $4.88 and its two-hundred day moving average is $4.84. Western Asset High Income Fund II has a fifty-two week low of $4.14 and a fifty-two week high of $5.71.

Western Asset High Income Fund II Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd will be given a $0.049 dividend. The ex-dividend date is Thursday, September 21st. This is an increase from Western Asset High Income Fund II’s previous dividend of $0.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Clear Street Markets LLC bought a new stake in Western Asset High Income Fund II in the first quarter valued at $36,000. CoreCap Advisors LLC bought a new stake in shares of Western Asset High Income Fund II in the 4th quarter worth about $40,000. Stifel Financial Corp acquired a new stake in shares of Western Asset High Income Fund II during the 2nd quarter worth about $53,000. Virtu Financial LLC bought a new stake in Western Asset High Income Fund II during the second quarter worth about $62,000. Finally, Private Advisor Group LLC bought a new position in shares of Western Asset High Income Fund II in the first quarter valued at approximately $64,000.

About Western Asset High Income Fund II

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.