Western Asset High Income Fund II (NYSE:HIX) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Western Asset High Income Fund II Inc. (NYSE:HIX) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.41 and traded as high as $4.49. Western Asset High Income Fund II shares last traded at $4.44, with a volume of 662,004 shares.

Western Asset High Income Fund II Trading Down 0.7 %

The firm’s fifty day simple moving average is $4.41 and its 200 day simple moving average is $4.41.

Western Asset High Income Fund II Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.049 per share. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Trading of Western Asset High Income Fund II

Several hedge funds have recently modified their holdings of HIX. Larson Financial Group LLC purchased a new position in shares of Western Asset High Income Fund II in the second quarter valued at $27,000. Hartline Investment Corp bought a new stake in shares of Western Asset High Income Fund II in the 1st quarter worth about $48,000. Shaker Financial Services LLC purchased a new stake in shares of Western Asset High Income Fund II during the 2nd quarter valued at about $104,000. MRA Advisory Group lifted its holdings in shares of Western Asset High Income Fund II by 25.7% in the 1st quarter. MRA Advisory Group now owns 23,816 shares of the closed-end fund’s stock valued at $106,000 after acquiring an additional 4,874 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Western Asset High Income Fund II in the 4th quarter valued at about $112,000.

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.