Western Asset High Income Fund II Inc. (NYSE:HIX) Shares Shorted: Short Interest Down 83.4% in September

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 79,058 shares, a decrease of 83.4% from the September 15th total of 476,420 shares. Based on an average daily volume of 536,428 shares, the days-to-cover ratio is currently 0.1 days.

Western Asset High Income Fund II Stock Performance

Shares of NYSE HIX traded down $0.01 during mid-day trading on Monday, reaching $3.50. The company’s stock had a trading volume of 217,516 shares, compared to its average volume of 351,850. Western Asset High Income Fund II has a 52 week low of $3.45 and a 52 week high of $4.35. The stock has a fifty day moving average of $3.79 and a two-hundred day moving average of $3.90.

Western Asset High Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders 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 yield of 16.8%. The ex-dividend date is Friday, November 20th.

Hedge Funds Weigh In On Western Asset High Income Fund II

A number of large investors have recently made changes to their positions in HIX. HighTower Advisors LLC purchased a new stake in shares of Western Asset High Income Fund II in the 2nd quarter worth $42,000. Susquehanna International Group LLP raised its stake in Western Asset High Income Fund II by 88.9% in the second quarter. Susquehanna International Group LLP now owns 42,791 shares of the closed-end fund’s stock worth $169,000 after buying an additional 20,144 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Western Asset High Income Fund II during the second quarter worth $848,000. Equitable Holdings Inc. bought a new position in shares of Western Asset High Income Fund II in the 2nd quarter worth $42,000. Finally, Bank of America Corp DE purchased a new stake in shares of Western Asset High Income Fund II during the second quarter valued at about $230,000.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II Inc (NYSE: HIX) is a closed-end investment fund that seeks to provide investors with a high level of current income and, to a lesser extent, capital appreciation. The fund is managed by Western Asset Management Company, an investment manager specializing in fixed-income portfolios.

HIX invests primarily in high-yield, below-investment-grade debt securities issued by companies and other entities. Its portfolio may include corporate bonds, bank loans and other fixed-income instruments, with investments spanning U.S.