Short Interest in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Decreases By 58.2%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 47,700 shares, a decline of 58.2% from the December 31st total of 114,200 shares. Based on an average trading volume of 164,200 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of Invesco Advantage Municipal Income Trust II stock traded up $0.01 on Thursday, reaching $8.85. 123,250 shares of the company were exchanged, compared to its average volume of 149,976. Invesco Advantage Municipal Income Trust II has a 1-year low of $8.14 and a 1-year high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.0559 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date is Friday, January 17th.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its holdings in Invesco Advantage Municipal Income Trust II by 58.4% in the third quarter. Stifel Financial Corp now owns 154,291 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 56,874 shares in the last quarter. Indiana Trust & Investment Management Co boosted its holdings in Invesco Advantage Municipal Income Trust II by 1.2% in the third quarter. Indiana Trust & Investment Management Co now owns 121,091 shares of the financial services provider’s stock valued at $1,127,000 after purchasing an additional 1,475 shares in the last quarter. XTX Topco Ltd acquired a new position in Invesco Advantage Municipal Income Trust II in the second quarter valued at approximately $106,000. Larson Financial Group LLC boosted its holdings in Invesco Advantage Municipal Income Trust II by 232.4% in the third quarter. Larson Financial Group LLC now owns 11,300 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 7,900 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Invesco Advantage Municipal Income Trust II in the third quarter valued at approximately $28,000. 27.52% of the stock is owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.