Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

A number of hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. boosted its position in Invesco Advantage Municipal Income Trust II by 98.3% during the second 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 in the last quarter. Advisors Asset Management Inc. bought a new position in Invesco Advantage Municipal Income Trust II in the third quarter worth about $6,247,000. Smith Moore & CO. raised its holdings in Invesco Advantage Municipal Income Trust II by 15.3% in the third quarter. Smith Moore & CO. now owns 78,224 shares of the financial services provider’s stock worth $585,000 after purchasing an additional 10,383 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco Advantage Municipal Income Trust II by 20.4% during the first quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock valued at $310,000 after buying an additional 6,068 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II during the second quarter valued at about $271,000. 27.52% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Advantage Municipal Income Trust II Stock Performance

Invesco Advantage Municipal Income Trust II stock opened at $8.47 on Friday. The business has a fifty day moving average of $8.18 and a two-hundred day moving average of $8.82. Invesco Advantage Municipal Income Trust II has a twelve month low of $7.25 and a twelve month high of $9.60.

Invesco Advantage Municipal Income Trust II Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.0559 dividend. This represents a $0.67 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, November 16th. This is a negative change from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559.

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.