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

Western Asset High Income Fund II Inc. (NYSE:HIX) passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Western Asset High Income Fund II Stock Performance

The stock has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.40.

Western Asset High Income Fund II Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Insigneo Advisory Services LLC acquired a new position in shares of Western Asset High Income Fund II during the second quarter valued at approximately $123,000. Rockefeller Capital Management L.P. increased its position in shares of Western Asset High Income Fund II by 5.4% during the third quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock worth $707,000 after purchasing an additional 8,000 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Western Asset High Income Fund II in the 3rd quarter valued at $81,000. Quarry LP raised its stake in Western Asset High Income Fund II by 57.4% in the 2nd quarter. Quarry LP now owns 106,321 shares of the closed-end fund’s stock valued at $462,000 after purchasing an additional 38,761 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Western Asset High Income Fund II in the 3rd quarter valued at $198,000.

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.