Western Asset High Income Fund II (NYSE:HIX) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Posted by Brenda Bartman on Feb 15th, 2025

Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.31 and traded as high as $4.38. Western Asset High Income Fund II shares last traded at $4.36, with a volume of 265,017 shares trading hands.

Western Asset High Income Fund II Stock Up 1.3 %

The firm has a 50 day simple moving average of $4.30 and a 200-day simple moving average of $4.38.

Western Asset High Income Fund II Announces Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 27th were paid a $0.049 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 13.64%.

Hedge Funds Weigh In On Western Asset High Income Fund II

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Western Asset High Income Fund II in the fourth quarter valued at about $35,000. Wedbush Securities Inc. purchased a new stake in shares of Western Asset High Income Fund II during the fourth quarter worth about $63,000. Apollon Wealth Management LLC purchased a new stake in shares of Western Asset High Income Fund II during the fourth quarter worth about $66,000. D.A. Davidson & CO. purchased a new stake in shares of Western Asset High Income Fund II during the third quarter worth about $81,000. Finally, Arete Wealth Advisors LLC grew its stake in shares of Western Asset High Income Fund II by 97.5% during the third quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after acquiring an additional 16,535 shares during the last quarter.

About Western Asset High Income Fund II

(Get Free Report)

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.