Short Interest in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Increases By 102.0%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 236,955 shares, a growth of 102.0% from the February 26th total of 117,295 shares. Based on an average trading volume of 113,254 shares, the short-interest ratio is presently 2.1 days. Approximately 0.6% of the company’s stock are sold short.

Invesco Advantage Municipal Income Trust II Stock Performance

VKI traded down $0.09 during trading on Friday, hitting $8.35. 204,886 shares of the company’s stock were exchanged, compared to its average volume of 150,675. The business’s 50 day moving average is $9.12 and its two-hundred day moving average is $8.97. Invesco Advantage Municipal Income Trust II has a fifty-two week low of $7.89 and a fifty-two week high of $9.60.

Invesco Advantage Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0559 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Insider Transactions at Invesco Advantage Municipal Income Trust II

In related news, major shareholder Of America Corp /De/ Bank purchased 8,531 shares of Invesco Advantage Municipal Income Trust II stock in a transaction on Friday, January 2nd. The stock was acquired 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 $77,461.48. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC grew its stake in Invesco Advantage Municipal Income Trust II by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 1,045,022 shares of the financial services provider’s stock valued at $8,747,000 after purchasing an additional 9,848 shares during the period. Bank of America Corp DE raised its stake in shares of Invesco Advantage Municipal Income Trust II by 13.7% during the 3rd quarter. Bank of America Corp DE now owns 799,431 shares of the financial services provider’s stock worth $7,011,000 after purchasing an additional 96,226 shares during the period. LPL Financial LLC boosted its holdings in shares of Invesco Advantage Municipal Income Trust II by 11.1% in the 4th quarter. LPL Financial LLC now owns 770,787 shares of the financial services provider’s stock worth $7,030,000 after buying an additional 76,993 shares during the last quarter. LeConte Wealth Management LLC grew its position in Invesco Advantage Municipal Income Trust II by 2.7% during the third quarter. LeConte Wealth Management LLC now owns 718,904 shares of the financial services provider’s stock valued at $6,305,000 after buying an additional 18,736 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Invesco Advantage Municipal Income Trust II by 45.7% during the fourth quarter. Advisors Asset Management Inc. now owns 666,492 shares of the financial services provider’s stock valued at $6,078,000 after buying an additional 208,990 shares during the period. Hedge funds and other institutional investors own 27.52% of the company’s stock.

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.