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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 194,017 shares, an increase of 53.5% from the November 30th total of 126,419 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 193,765 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 193,765 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.5% of the company’s shares are short sold.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of VKI stock opened at $9.14 on Wednesday. Invesco Advantage Municipal Income Trust II has a 12-month low of $7.89 and a 12-month high of $9.15. The firm has a fifty day moving average of $8.90 and a 200-day moving average of $8.61.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.0559 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, December 16th.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Several institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC grew its position in shares of Invesco Advantage Municipal Income Trust II by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 1,045,022 shares of the financial services provider’s stock valued at $8,747,000 after purchasing an additional 9,848 shares during the period. Bank of America Corp DE lifted its stake in Invesco Advantage Municipal Income Trust II by 13.7% in the third quarter. Bank of America Corp DE now owns 799,431 shares of the financial services provider’s stock valued at $7,011,000 after buying an additional 96,226 shares in the last quarter. LeConte Wealth Management LLC boosted its holdings in shares of Invesco Advantage Municipal Income Trust II by 2.7% in the third quarter. LeConte Wealth Management LLC now owns 718,904 shares of the financial services provider’s stock valued at $6,305,000 after buying an additional 18,736 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Invesco Advantage Municipal Income Trust II by 26.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 602,604 shares of the financial services provider’s stock valued at $5,285,000 after buying an additional 127,491 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Invesco Advantage Municipal Income Trust II by 38.2% during the third quarter. Advisors Asset Management Inc. now owns 457,502 shares of the financial services provider’s stock worth $4,012,000 after acquiring an additional 126,460 shares in the last quarter. Institutional investors own 27.52% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN: VKI) is a closed-end management investment company that primarily seeks to provide shareholders with high after-tax total return. The fund pursues its objective by investing predominantly in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities and other political subdivisions.

The fund’s investment strategy emphasizes credit quality and income generation, with portfolio managers conducting in-depth credit analysis to identify opportunities across various sectors—such as transportation, education and healthcare—that offer attractive tax-exempt yields.