Western Asset High Income Fund II Inc.·Financial Services

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Western Asset High Income Fund II Inc. (NYSE: HIX - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $4.19 and traded as low as $3.96. Western Asset High Income Fund II shares last traded at $3.99, with a volume of

HIX: Limited Appeal As Long As Rates Remain Elevated
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.
Financial Services
Asset Management - Income
0
1998-05-22
0.98
Market Peers





