Western Asset High Income Fund II (NYSE:HIX) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Western Asset High Income Fund II Inc. (NYSE:HIX) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.42 and traded as low as $4.39. Western Asset High Income Fund II shares last traded at $4.44, with a volume of 850,085 shares changing hands.

Western Asset High Income Fund II Price Performance

The business has a 50-day moving average of $4.44 and a 200-day moving average of $4.42.

Western Asset High Income Fund II Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.049 per share. The ex-dividend date is Thursday, November 21st.

Institutional Trading of Western Asset High Income Fund II

Large investors have recently added to or reduced their stakes in the company. Hartline Investment Corp bought a new position in Western Asset High Income Fund II during the 1st quarter worth $48,000. MRA Advisory Group grew its holdings in Western Asset High Income Fund II by 25.7% during the 1st quarter. MRA Advisory Group now owns 23,816 shares of the closed-end fund’s stock worth $106,000 after acquiring an additional 4,874 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Western Asset High Income Fund II in the first quarter worth approximately $129,000. Robinson Capital Management LLC acquired a new position in shares of Western Asset High Income Fund II during the 1st quarter valued at $385,000. Finally, Sage Capital Advisors llc boosted its position in shares of Western Asset High Income Fund II by 20.7% during the 2nd quarter. Sage Capital Advisors llc now owns 86,137 shares of the closed-end fund’s stock worth $375,000 after purchasing an additional 14,750 shares in the last quarter.

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.