Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Short Interest Up 364.0% in August

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 140,600 shares, an increase of 364.0% from the August 15th total of 30,300 shares. Based on an average daily trading volume, of 73,300 shares, the short-interest ratio is currently 1.9 days.

Invesco Advantage Municipal Income Trust II stock opened at $12.68 on Wednesday. Invesco Advantage Municipal Income Trust II has a 1 year low of $10.60 and a 1 year high of $12.84.

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Tuesday, September 14th will be given a $0.0485 dividend. The ex-dividend date of this dividend is Monday, September 13th. This represents a $0.58 annualized dividend and a dividend yield of 4.59%.

Several institutional investors and hedge funds have recently made changes to their positions in VKI. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter worth approximately $122,000. HighTower Advisors LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 1st quarter worth approximately $198,000. Rockefeller Capital Management L.P. lifted its position in shares of Invesco Advantage Municipal Income Trust II by 73.8% in the 1st quarter. Rockefeller Capital Management L.P. now owns 25,200 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 10,700 shares during the period. UBS Group AG lifted its position in shares of Invesco Advantage Municipal Income Trust II by 0.9% in the 1st quarter. UBS Group AG now owns 545,380 shares of the financial services provider’s stock worth $6,463,000 after purchasing an additional 4,898 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Invesco Advantage Municipal Income Trust II by 7.2% in the 1st quarter. Baird Financial Group Inc. now owns 182,216 shares of the financial services provider’s stock worth $2,159,000 after purchasing an additional 12,206 shares during the period. 15.93% 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 fund/investment trust. Its investment objective is to seek to provide a high level of current income exempt from federal income tax, consistent with preservation of capital. The company was founded in 1993 and is headquartered in Atlanta, GA.

Featured Article: Why are percentage gainers important?

Receive News & Ratings for Invesco Advantage Municipal Income Trust II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Advantage Municipal Income Trust II and related companies with MarketBeat.com's FREE daily email newsletter.