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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of 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 trading volume of 369,707 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Invesco Advantage Municipal Income Trust II Price Performance

VKI stock traded down $0.01 during mid-day trading on Friday, hitting $8.38. The stock had a trading volume of 140,767 shares, compared to its average volume of 143,337. Invesco Advantage Municipal Income Trust II has a 52 week low of $7.25 and a 52 week high of $9.60. The firm has a fifty day simple moving average of $8.26 and a 200 day simple moving average of $8.85.

Invesco Advantage Municipal Income Trust II Increases Dividend

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

Institutional Trading of Invesco Advantage Municipal Income Trust II

A number of institutional investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. increased its holdings in Invesco Advantage Municipal Income Trust II by 98.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 989,489 shares of the financial services provider’s stock worth $9,380,000 after acquiring an additional 490,553 shares in the last quarter. Wealth Care LLC acquired a new stake in Invesco Advantage Municipal Income Trust II during the 1st quarter worth $433,000. Cetera Investment Advisers lifted its stake in Invesco Advantage Municipal Income Trust II by 20.4% in the 1st quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 6,068 shares during the last quarter. Worth Asset Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II in the second quarter valued at approximately $271,000. Finally, Kestra Advisory Services LLC boosted its position in Invesco Advantage Municipal Income Trust II by 334.8% during the first quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 18,859 shares during the period. Institutional investors and hedge funds own 27.52% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

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.