Invesco Advantage Municipal Income Trust II (VKI) Sees Large Decrease in Short Interest

Invesco Advantage Municipal Income Trust II (NYSE:VKI) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 20,934 shares, a drop of 67.2% from the October 13th total of 63,757 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 119,745 shares, the short-interest ratio is presently 0.2 days.

Shares of Invesco Advantage Municipal Income Trust II (NYSE VKI) opened at $11.37 on Monday. Invesco Advantage Municipal Income Trust II has a 12 month low of $10.68 and a 12 month high of $11.93.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.0547 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.66 annualized dividend and a dividend yield of 5.77%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of Invesco Advantage Municipal Income Trust II by 34.5% in the 3rd quarter. Wells Fargo & Company MN now owns 41,455 shares of the financial services provider’s stock valued at $477,000 after buying an additional 10,641 shares during the period. Summit Financial Wealth Advisors LLC acquired a new stake in shares of Invesco Advantage Municipal Income Trust II in the 3rd quarter valued at about $119,000. Susquehanna International Group LLP acquired a new stake in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at about $723,000. Ackerman Capital Advisors LLC acquired a new stake in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at about $116,000. Finally, Robinson Capital Management LLC grew its stake in shares of Invesco Advantage Municipal Income Trust II by 4.2% in the 2nd quarter. Robinson Capital Management LLC now owns 605,008 shares of the financial services provider’s stock valued at $6,988,000 after buying an additional 24,300 shares during the period.

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About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. Under normal market conditions, the Trust focuses on investing in municipal securities rated investment grade at the time of investment.

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