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

Posted by Sean Solarzano on Jan 19th, 2025

Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) 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 trading hands.

Western Asset High Income Fund II Stock Up 0.1 %

The company’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 Dividend Announcement

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

Institutional Investors Weigh In On Western Asset High Income Fund II

Several institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new position in shares of Western Asset High Income Fund II in the third quarter worth $81,000. Insigneo Advisory Services LLC purchased a new position in shares of Western Asset High Income Fund II in the second quarter worth $123,000. Arete Wealth Advisors LLC raised its holdings in shares of Western Asset High Income Fund II by 97.5% in the third quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after buying an additional 16,535 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Western Asset High Income Fund II during the third quarter worth $178,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Western Asset High Income Fund II during the third quarter worth $198,000.

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.