Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Stock Short Interest Report for October

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 222,163 shares, an increase of 352.2% from the October 15th total of 49,132 shares. Based on an average daily trading volume, of 197,307 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smith Moore & CO. grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 15.3% during the third quarter. Smith Moore & CO. now owns 78,224 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 10,383 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Invesco Advantage Municipal Income Trust II in the 3rd quarter worth approximately $6,247,000. Private Advisor Group LLC bought a new stake in shares of Invesco Advantage Municipal Income Trust II in the 3rd quarter worth approximately $88,000. Baird Financial Group Inc. acquired a new position in Invesco Advantage Municipal Income Trust II during the 2nd quarter valued at approximately $127,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Invesco Advantage Municipal Income Trust II by 98.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 989,489 shares of the financial services provider’s stock valued at $9,380,000 after purchasing an additional 490,553 shares during the period. 27.52% of the stock is currently owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Trading Up 1.1%

Shares of NYSEAMERICAN VKI traded up $0.09 during midday trading on Friday, hitting $8.47. The company’s stock had a trading volume of 112,320 shares, compared to its average volume of 143,458. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.25 and a 1-year high of $9.60. The firm’s fifty day moving average price is $8.18 and its 200-day moving average price is $8.82.

Invesco Advantage Municipal Income Trust II Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.0559 dividend. This is a decrease from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559. This represents a $0.67 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Monday, November 16th.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II is a closed-end management investment company whose primary objective is to provide investors with a high level of current income that is exempt from regular federal income tax. Its shares trade on the NYSE American under the ticker VKI. The trust invests primarily in municipal securities issued by state and local governments and related entities. These securities may finance public projects and services, such as schools, transportation, utilities and other infrastructure.