Western Asset High Income Fund II Inc. (NYSE:HIX) Short Interest Down 42.6% in March

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totalling 96,600 shares, a decrease of 42.6% from the February 27th total of 168,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 579,000 shares, the short-interest ratio is presently 0.2 days.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in Western Asset High Income Fund II during the 3rd quarter valued at $85,000. Millennium Management LLC acquired a new position in Western Asset High Income Fund II during the 3rd quarter valued at $105,000. FNY Investment Advisers LLC raised its stake in Western Asset High Income Fund II by 48.4% during the 4th quarter. FNY Investment Advisers LLC now owns 16,757 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 5,462 shares during the last quarter. Shulman DeMeo Asset Management LLC acquired a new position in Western Asset High Income Fund II during the 4th quarter valued at $102,000. Finally, Doliver Advisors LP raised its stake in Western Asset High Income Fund II by 52.2% during the 4th quarter. Doliver Advisors LP now owns 17,414 shares of the closed-end fund’s stock valued at $117,000 after purchasing an additional 5,976 shares during the last quarter.

Shares of NYSE HIX traded up $0.28 during trading hours on Thursday, hitting $4.88. 803,120 shares of the stock were exchanged, compared to its average volume of 733,965. The company’s 50 day moving average is $6.17 and its 200 day moving average is $6.59. Western Asset High Income Fund II has a one year low of $3.55 and a one year high of $7.12.

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 21st will be issued a dividend of $0.049 per share. This represents a $0.59 annualized dividend and a dividend yield of 12.05%. The ex-dividend date is Wednesday, May 20th.

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.

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