Western Asset High Income Fund II (NYSE:HIX) Shares Pass Below 200 Day Moving Average – Should You Sell?

Western Asset High Income Fund II Inc. (NYSE:HIX)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.36 and traded as low as $4.10. Western Asset High Income Fund II shares last traded at $4.11, with a volume of 560,616 shares.

Western Asset High Income Fund II Trading Down 6.2 %

The firm’s fifty day moving average price is $4.29 and its two-hundred day moving average price is $4.36.

Western Asset High Income Fund II Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.049 per share. This represents a yield of 13.8%. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Western Asset High Income Fund II

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Western Asset High Income Fund II by 4,343.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,668,693 shares of the closed-end fund’s stock worth $7,025,000 after purchasing an additional 1,631,141 shares in the last quarter. Absolute Investment Advisers LLC bought a new position in shares of Western Asset High Income Fund II in the fourth quarter valued at $1,545,000. Ameriprise Financial Inc. lifted its stake in shares of Western Asset High Income Fund II by 85.7% in the fourth quarter. Ameriprise Financial Inc. now owns 781,455 shares of the closed-end fund’s stock valued at $3,290,000 after buying an additional 360,547 shares in the last quarter. Quarry LP acquired a new position in shares of Western Asset High Income Fund II during the fourth quarter valued at about $896,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Western Asset High Income Fund II during the fourth quarter worth about $827,000.

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.