Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Stock Short Interest Rises 191.2%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 49,132 shares, an increase of 191.2% from the September 30th total of 16,872 shares. Based on an average daily volume of 369,707 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

A number of large investors have recently bought and sold shares of VKI. Baird Financial Group Inc. acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 2nd quarter worth approximately $127,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Invesco Advantage Municipal Income Trust II by 98.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 989,489 shares of the financial services provider’s stock worth $9,380,000 after purchasing an additional 490,553 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 2nd quarter worth about $271,000. Cetera Investment Advisers raised its position in shares of Invesco Advantage Municipal Income Trust II by 20.4% during the 1st quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 6,068 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Invesco Advantage Municipal Income Trust II by 334.8% in the 1st quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock valued at $212,000 after buying an additional 18,859 shares in the last quarter. Institutional investors and hedge funds own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Trading Up 0.7%

NYSEAMERICAN:VKI traded up $0.06 during trading hours on Thursday, reaching $8.34. The company had a trading volume of 142,518 shares, compared to its average volume of 142,993. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.25 and a 1-year high of $9.60. The business’s 50 day moving average price is $8.28 and its 200-day moving average price is $8.86.

Invesco Advantage Municipal Income Trust II Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0559 per share. This is a boost from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559. The ex-dividend date is Wednesday, October 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.0%.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-end management investment company listed on the NYSE American under the symbol VKI. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public-sector entities.

The fund may invest in a range of tax-exempt obligations, including general obligation and revenue bonds. Revenue from these securities is generally supported by specific projects, facilities or public services, such as transportation systems, utilities, hospitals and schools.