Short Interest in Western Asset High Income Fund II Inc. (NYSE:HIX) Grows By 154.4%

Western Asset High Income Fund II Inc. (NYSE:HIX) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 297,100 shares, a growth of 154.4% from the October 15th total of 116,800 shares. Based on an average daily volume of 432,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Western Asset High Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new stake in Western Asset High Income Fund II in the second quarter worth about $27,000. D.A. Davidson & CO. purchased a new stake in Western Asset High Income Fund II in the 3rd quarter worth approximately $81,000. Shaker Financial Services LLC purchased a new stake in Western Asset High Income Fund II in the 2nd quarter worth approximately $104,000. Insigneo Advisory Services LLC purchased a new position in Western Asset High Income Fund II during the second quarter valued at approximately $123,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Western Asset High Income Fund II during the first quarter valued at approximately $129,000.

Western Asset High Income Fund II Price Performance

Shares of NYSE HIX traded up $0.01 during midday trading on Wednesday, hitting $4.42. 116,549 shares of the company’s stock traded hands, compared to its average volume of 423,035. The firm has a fifty day moving average of $4.45 and a 200 day moving average of $4.42. Western Asset High Income Fund II has a 1 year low of $4.20 and a 1 year high of $5.05.

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.