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

Western Asset High Income Fund II Inc. (NYSE:HIX) was the recipient of a large 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 days-to-cover ratio is currently 0.7 days.

Western Asset High Income Fund II Trading Down 0.9 %

Shares of Western Asset High Income Fund II stock opened at $4.33 on Friday. The business’s 50-day moving average price is $4.45 and its 200-day moving average price is $4.42. Western Asset High Income Fund II has a 12 month low of $4.20 and a 12 month high of $5.05.

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. Larson Financial Group LLC bought a new position in Western Asset High Income Fund II during the 2nd quarter worth approximately $27,000. D.A. Davidson & CO. bought a new position in Western Asset High Income Fund II during the 3rd quarter worth approximately $81,000. Shaker Financial Services LLC bought a new position in Western Asset High Income Fund II during the 2nd quarter worth approximately $104,000. Insigneo Advisory Services LLC bought a new position in Western Asset High Income Fund II during the 2nd quarter worth approximately $123,000. Finally, Oppenheimer & Co. Inc. bought a new position in Western Asset High Income Fund II during the 1st quarter worth approximately $129,000.

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.