Trading was heavy with 451K shares changing hands in the last trading session. Volume was up 86.29% over the stocks average daily volume.
Traders are more bullish on shares of Western Asset High Income Fund II Inc lately if you watch the decrease in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -45.33%. Short interest fell 41,501 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
The following firms have recently changed their position in HIX. Shaker Financial Services, LLC expanded its position by buying 44,583 shares an increase of 9.1%. Shaker Financial Services, LLC now holds 536,678 shares worth $3,869,000. The value of the position overall is up by 9.4%. Wells Fargo & Company/mn bolstered its ownership by buying 33,621 shares an increase of 1,360.6% in the quarter. Wells Fargo & Company/mn owns 36,092 shares valued at $260,000. The total value of its holdings increased 1,344.4%.
Baird Financial Group, Inc. added to its investment by buying 452 shares an increase of 2.3% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. controls 20,242 shares with a value of $146,000. The value of the position overall is up by 2.8%. As of the end of the quarter Raymond James & Associates had sold a total of 3,686 shares trimming its position 5.9%. The value of the investment in HIX decreased from $448,000 to $422,000 a change of $26,000 for the reporting period.
The company is so far trading down by 0.58% since yesterday’s close of 6.91. The most current P/E ratio is N/A and the market cap of the company is 592.22M.
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. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States..