INV VK HI INC2 (NYSE:VLT) Shares Shorted: Short Interest Down 96.6% in October

INV VK HI INC2 (NYSE:VLT) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 845 shares, a drop of 96.6% from the October 15th total of 25,003 shares. Based on an average trading volume of 59,098 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of INV VK HI INC2

Several large investors have recently modified their holdings of the stock. Shaker Financial Services LLC grew its holdings in INV VK HI INC2 by 211.5% in the third quarter. Shaker Financial Services LLC now owns 149,149 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 101,268 shares during the period. Mallini Complete Financial Planning LLC raised its holdings in shares of INV VK HI INC2 by 25.6% during the second quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 5,077 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of INV VK HI INC2 by 83.2% during the first quarter. Cetera Investment Advisers now owns 28,191 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 12,802 shares during the period. Institutional investors and hedge funds own 21.63% of the company’s stock.

INV VK HI INC2 Stock Down 1.2%

Shares of INV VK HI INC2 stock traded down $0.10 on Tuesday, hitting $8.98. 11,872 shares of the company’s stock traded hands, compared to its average volume of 48,535. INV VK HI INC2 has a one year low of $8.70 and a one year high of $11.31. The company has a fifty day moving average of $9.17 and a two-hundred day moving average of $10.11.

INV VK HI INC2 Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.0895 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Monday, November 16th. This is a negative change from INV VK HI INC2’s previous monthly dividend of $0.0895.

About INV VK HI INC2

Invesco High Income Trust II (NYSE: VLT) is a closed-end investment company managed by Invesco Ltd. Rather than operating a conventional business, the fund invests in a diversified portfolio of income-producing securities, with an emphasis on below-investment-grade corporate debt and other high-yield fixed-income investments. The fund seeks to provide investors with a high level of current income while also pursuing capital appreciation. Its portfolio may include bonds and other debt instruments issued by companies across a range of industries and geographic markets, subject to the fund’s investment policies and the judgment of its investment adviser, Invesco Advisers, Inc. Invesco High Income Trust II is listed on the New York Stock Exchange and is overseen through the governance structure applicable to closed-end funds.