Short Interest in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Expands By 59.4%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 309,250 shares, an increase of 59.4% from the December 15th total of 194,017 shares. Based on an average daily volume of 168,706 shares, the short-interest ratio is presently 1.8 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 168,706 shares, the short-interest ratio is presently 1.8 days.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank acquired 8,531 shares of Invesco Advantage Municipal Income Trust II stock in a transaction on Friday, January 2nd. The stock was purchased at an average price of $9.08 per share, with a total value of $77,461.48. Following the completion of the purchase, the insider owned 8,531 shares of the company’s stock, valued at approximately $77,461.48. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.45% of the company’s stock.

Institutional Trading of Invesco Advantage Municipal Income Trust II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in Invesco Advantage Municipal Income Trust II by 66.2% during the second quarter. Advisors Asset Management Inc. now owns 331,042 shares of the financial services provider’s stock valued at $2,771,000 after purchasing an additional 131,905 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Invesco Advantage Municipal Income Trust II by 26.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 602,604 shares of the financial services provider’s stock worth $5,285,000 after acquiring an additional 127,491 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Advantage Municipal Income Trust II by 17.1% in the 2nd quarter. Bank of America Corp DE now owns 703,205 shares of the financial services provider’s stock worth $5,886,000 after purchasing an additional 102,596 shares in the last quarter. Alpine Global Management LLC purchased a new stake in Invesco Advantage Municipal Income Trust II in the third quarter valued at about $395,000. Finally, North Ground Capital boosted its holdings in Invesco Advantage Municipal Income Trust II by 70.0% in the third quarter. North Ground Capital now owns 85,500 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 35,204 shares in the last quarter. Hedge funds and other institutional investors own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Stock Down 0.1%

VKI traded down $0.01 on Friday, hitting $9.15. The company’s stock had a trading volume of 152,072 shares, compared to its average volume of 125,943. The company’s 50 day simple moving average is $8.96 and its 200-day simple moving average is $8.69. Invesco Advantage Municipal Income Trust II has a 12 month low of $7.89 and a 12 month high of $9.25.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.0559 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, January 15th.

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.