Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Sees Large Drop in Short Interest

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 80,269 shares, a decline of 70.2% from the January 15th total of 269,504 shares. Based on an average daily volume of 166,693 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 166,693 shares, the short-interest ratio is presently 0.5 days.

Invesco Advantage Municipal Income Trust II Stock Performance

Shares of VKI traded up $0.06 during trading hours on Wednesday, hitting $9.25. 205,597 shares of the company were exchanged, compared to its average volume of 171,357. The firm’s 50 day moving average is $9.00 and its 200-day moving average is $8.78. Invesco Advantage Municipal Income Trust II has a 52 week low of $7.89 and a 52 week high of $9.27.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.0559 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, February 17th.

Insider Transactions at Invesco Advantage Municipal Income Trust II

In other Invesco Advantage Municipal Income Trust II news, major shareholder Of America Corp /De/ Bank acquired 8,531 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average cost of $9.08 per share, for a total transaction of $77,461.48. Following the completion of the acquisition, the insider owned 8,531 shares of the company’s stock, valued at approximately $77,461.48. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VKI. Royal Bank of Canada grew its stake in shares of Invesco Advantage Municipal Income Trust II by 15.9% in the first quarter. Royal Bank of Canada now owns 35,040 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 4,811 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Invesco Advantage Municipal Income Trust II in the second quarter valued at $197,000. Whipplewood Advisors LLC lifted its stake in Invesco Advantage Municipal Income Trust II by 42.4% during the second quarter. Whipplewood Advisors LLC now owns 108,811 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 32,407 shares during the period. Savant Capital LLC bought a new position in shares of Invesco Advantage Municipal Income Trust II during the 2nd quarter worth approximately $115,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Invesco Advantage Municipal Income Trust II by 2.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 65,890 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 1,323 shares in the last quarter. 27.52% of the stock is owned by institutional investors.

Invesco Advantage Municipal Income Trust II Company Profile

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.