Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Short Interest Update

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 43,800 shares, a decline of 61.0% from the September 30th total of 112,400 shares. Based on an average daily volume of 152,600 shares, the short-interest ratio is presently 0.3 days.

Invesco Advantage Municipal Income Trust II Stock Performance

VKI remained flat at $8.86 during trading on Friday. 130,831 shares of the company’s stock were exchanged, compared to its average volume of 144,944. Invesco Advantage Municipal Income Trust II has a 52-week low of $7.08 and a 52-week high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a $0.0559 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 7.57%.

Institutional Trading of Invesco Advantage Municipal Income Trust II

A number of institutional investors and hedge funds have recently bought and sold shares of VKI. Financial Management Professionals Inc. bought a new position in Invesco Advantage Municipal Income Trust II during the 1st quarter worth approximately $28,000. Larson Financial Group LLC bought a new position in Invesco Advantage Municipal Income Trust II during the second quarter worth $30,000. Fortitude Family Office LLC lifted its holdings in Invesco Advantage Municipal Income Trust II by 66.2% in the third quarter. Fortitude Family Office LLC now owns 5,816 shares of the financial services provider’s stock valued at $54,000 after buying an additional 2,316 shares during the period. Matisse Capital bought a new stake in Invesco Advantage Municipal Income Trust II during the second quarter valued at $98,000. Finally, XTX Topco Ltd acquired a new stake in Invesco Advantage Municipal Income Trust II during the 2nd quarter worth about $106,000. 27.52% of the stock is currently owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.