INV VK HI INC2 (NYSE:VLT) Shares Shorted: Short Interest Down 96.6% in October

INV VK HI INC2 (NYSE:VLT) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 845 shares, a decrease of 96.6% from the October 15th total of 25,003 shares. Based on an average daily trading volume, of 59,098 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On INV VK HI INC2

A number of large investors have recently modified their holdings of the company. Mallini Complete Financial Planning LLC increased its stake in INV VK HI INC2 by 25.6% during the 2nd quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 5,077 shares in the last quarter. Cetera Investment Advisers raised 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 during the last quarter. Finally, Shaker Financial Services LLC raised its holdings in INV VK HI INC2 by 211.5% during the third quarter. Shaker Financial Services LLC now owns 149,149 shares of the financial services provider’s stock worth $1,356,000 after buying an additional 101,268 shares during the last quarter. 21.63% of the stock is currently owned by institutional investors.

INV VK HI INC2 Stock Down 1.2%

NYSE:VLT traded down $0.10 on Tuesday, hitting $8.98. The stock had a trading volume of 11,872 shares, compared to its average volume of 48,535. INV VK HI INC2 has a 52 week low of $8.70 and a 52 week high of $11.31. The business’s fifty day moving average is $9.17 and its 200 day moving average is $10.11.

INV VK HI INC2 Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0895 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a negative change from INV VK HI INC2’s previous monthly dividend of $0.0895. This represents a $1.07 dividend on an annualized basis and a dividend yield of 12.0%.

About INV VK HI INC2

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.