Western Asset High Income Fund II (NYSE:HIX) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Western Asset High Income Fund II Inc. (NYSE:HIX) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Western Asset High Income Fund II Price Performance

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Western Asset High Income Fund II in the third quarter valued at about $11,520,000. Landscape Capital Management L.L.C. grew its position in shares of Western Asset High Income Fund II by 87.5% in the third quarter. Landscape Capital Management L.L.C. now owns 853,854 shares of the closed-end fund’s stock valued at $3,851,000 after purchasing an additional 398,413 shares during the period. Shaker Financial Services LLC grew its position in shares of 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. grew its position in shares of Western Asset High Income Fund II by 481.4% in the third 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 period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Western Asset High Income Fund II in the third quarter valued at about $198,000.

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.