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 significant 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 daily volume of 59,098 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

INV VK HI INC2 Stock Performance

Shares of NYSE:VLT traded down $0.10 during midday trading on Thursday, hitting $8.88. 28,331 shares of the stock were exchanged, compared to its average volume of 45,784. The business’s 50-day moving average price is $9.14 and its 200 day moving average price is $10.09. INV VK HI INC2 has a 12 month low of $8.70 and a 12 month high of $11.31.

INV VK HI INC2 Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders 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 12.1%. This is a drop from INV VK HI INC2’s previous monthly dividend of $0.0895. The ex-dividend date is Monday, November 16th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Shaker Financial Services LLC increased 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 in the last quarter. Cetera Investment Advisers grew its holdings in 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 worth $285,000 after buying an additional 12,802 shares in the last quarter. Finally, Mallini Complete Financial Planning LLC grew its stake in shares of INV VK HI INC2 by 25.6% in the 2nd quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 5,077 shares in the last quarter. Institutional investors own 21.63% of the company’s stock.

INV VK HI INC2 Company Profile

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.