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Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update
Business Wire (Tue, 27-Jan 8:00 AM ET)
Business Wire (Thu, 20-Nov 8:00 AM ET)
The Fund seeks to maximize current income. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income. Under normal market conditions, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. The Fund may invest up to 35% of its total assets in debt securities of issuers located in emerging market countries. It may also invest up to 30% of its assets in zero coupon securities, pay-in-kind bonds and deferred payment securities, and up to 20% of its assets in equity securities. The Fund may utilize a variety of derivative instruments for investment or risk management purposes, such as options, futures contracts, swap agreements including credit default swaps.
Western Asset High Income II trades on the NYSE stock market under the symbol HIX.
As of February 13, 2026, HIX stock price climbed to $4.25 with 285,344 million shares trading.
HIX has a beta of 0.55, meaning it tends to be less sensitive to market movements. HIX has a correlation of 0.59 to the broad based SPY ETF.
HIX has a market cap of $382.80 million. This is considered a Small Cap stock.
In the last 3 years, HIX traded as high as $5.60 and as low as $3.65.
HIX has underperformed the market in the last year with a return of +10.7%, while SPY returned +14.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HIX shares. However, HIX has outperformed the market in the last 3 month and 2 week periods, returning +2.7% and +0.7%, while SPY returned +0.1% and -1.8%, respectively. This indicates HIX has been having a stronger performance recently.
HIX support price is $4.20 and resistance is $4.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIX shares will trade within this expected range on the day.
