Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Shares Shorted: Short Interest Up 191.2% in October

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 49,132 shares, a growth of 191.2% from the September 30th total of 16,872 shares. Based on an average daily trading volume, of 369,707 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Invesco Advantage Municipal Income Trust II Trading Down 0.1%

VKI stock opened at $8.38 on Friday. Invesco Advantage Municipal Income Trust II has a 12-month low of $7.25 and a 12-month high of $9.60. The company has a 50 day moving average of $8.25 and a two-hundred day moving average of $8.85.

Invesco Advantage Municipal Income Trust II Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were issued a $0.0559 dividend. This is a boost from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.0559. This represents a $0.67 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date was Wednesday, October 14th.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in Invesco Advantage Municipal Income Trust II by 20.4% in the first quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 6,068 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in Invesco Advantage Municipal Income Trust II during the second quarter worth about $127,000. Kestra Advisory Services LLC grew its stake in Invesco Advantage Municipal Income Trust II by 334.8% during the first quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock worth $212,000 after buying an additional 18,859 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II during the second quarter worth about $271,000. Finally, Wealth Care LLC bought a new position in Invesco Advantage Municipal Income Trust II in the 1st quarter valued at about $433,000. Institutional investors own 27.52% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II is a closed-end management investment company listed on the NYSE American under the symbol VKI. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public-sector entities.

The fund may invest in a range of tax-exempt obligations, including general obligation and revenue bonds. Revenue from these securities is generally supported by specific projects, facilities or public services, such as transportation systems, utilities, hospitals and schools.