Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Shares Shorted: Short Interest Down 87.5% in September

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 16,872 shares, a decline of 87.5% from the September 15th total of 134,892 shares. Based on an average daily trading volume, of 288,968 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Invesco Advantage Municipal Income Trust II Stock Performance

NYSEAMERICAN:VKI traded up $0.25 during mid-day trading on Friday, hitting $7.78. 302,431 shares of the company’s stock traded hands, compared to its average volume of 316,268. The firm’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $8.82. Invesco Advantage Municipal Income Trust II has a 1 year low of $7.25 and a 1 year high of $9.60.

Invesco Advantage Municipal Income Trust II Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a $0.0559 dividend. This represents a $0.67 annualized dividend and a dividend yield of 8.6%. This is a boost from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559. The ex-dividend date of this dividend is Wednesday, October 14th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the 2nd quarter worth approximately $127,000. Kestra Advisory Services LLC lifted its stake in Invesco Advantage Municipal Income Trust II by 334.8% in the 1st quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock valued at $212,000 after buying an additional 18,859 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II during the 2nd quarter valued at $271,000. Cetera Investment Advisers grew its holdings in Invesco Advantage Municipal Income Trust II by 20.4% during the 1st 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, Madison Park Capital Advisors LLC increased its position in Invesco Advantage Municipal Income Trust II by 8.3% during the first quarter. Madison Park Capital Advisors LLC now owns 45,662 shares of the financial services provider’s stock worth $395,000 after buying an additional 3,508 shares in the last quarter. 27.52% of the stock is owned by hedge funds and other institutional investors.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-end investment company listed on the NYSE American under the ticker symbol VKI. The fund is managed by Invesco Ltd., a global investment management firm, and is designed for investors seeking income from a professionally managed portfolio of municipal securities.

The fund invests primarily in debt obligations issued by states, municipalities and other governmental entities in the United States. These investments may include general obligation bonds, revenue bonds and other municipal instruments.