Western Asset High Income Fund II (NYSE:HIX) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Western Asset High Income Fund II Inc. (NYSE:HIX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.40 and traded as low as $4.27. Western Asset High Income Fund II shares last traded at $4.28, with a volume of 728,676 shares trading hands.

Western Asset High Income Fund II Stock Up 0.1 %

The stock’s 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $4.40.

Western Asset High Income Fund II Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $0.049 per share. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new position in Western Asset High Income Fund II during the third quarter worth about $11,520,000. Landscape Capital Management L.L.C. increased its stake in Western Asset High Income Fund II by 87.5% during the third quarter. Landscape Capital Management L.L.C. now owns 853,854 shares of the closed-end fund’s stock worth $3,851,000 after acquiring an additional 398,413 shares during the last quarter. Shaker Financial Services LLC raised its position in Western Asset High Income Fund II by 992.3% in the third quarter. Shaker Financial Services LLC now owns 262,159 shares of the closed-end fund’s stock valued at $1,195,000 after purchasing an additional 238,159 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Western Asset High Income Fund II by 481.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 156,979 shares of the closed-end fund’s stock valued at $708,000 after purchasing an additional 129,979 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Western Asset High Income Fund II by 5.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock worth $707,000 after purchasing an additional 8,000 shares during the period.

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.