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 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Western Asset High Income Fund II Stock Performance

The firm has a 50-day moving average price of $4.29 and a 200-day moving average price of $4.36.

Western Asset High Income Fund II Announces Dividend

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

Hedge Funds Weigh In On Western Asset High Income Fund II

Several institutional investors and hedge funds have recently bought and sold shares of HIX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Western Asset High Income Fund II during the 4th quarter valued at $35,000. Wealth Enhancement Advisory Services LLC bought a new stake in Western Asset High Income Fund II in the 4th quarter valued at about $54,000. Wedbush Securities Inc. purchased a new stake in Western Asset High Income Fund II during the fourth quarter valued at about $63,000. Apollon Wealth Management LLC bought a new position in Western Asset High Income Fund II during the fourth quarter worth about $66,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Western Asset High Income Fund II in the third quarter worth about $81,000.

Western Asset High Income Fund II Company Profile

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.