Short Interest in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Declines By 61.0%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 43,800 shares, a drop of 61.0% from the September 30th total of 112,400 shares. Based on an average daily trading volume, of 152,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Invesco Advantage Municipal Income Trust II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Invesco Advantage Municipal Income Trust II in the first quarter worth approximately $28,000. Larson Financial Group LLC bought a new stake in shares of Invesco Advantage Municipal Income Trust II during the second quarter valued at approximately $30,000. Fortitude Family Office LLC raised its position in shares of Invesco Advantage Municipal Income Trust II by 66.2% during the third quarter. Fortitude Family Office LLC now owns 5,816 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 2,316 shares during the period. Matisse Capital bought a new position in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter worth $98,000. Finally, XTX Topco Ltd acquired a new stake in Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at $106,000. 27.52% of the stock is owned by institutional investors.

Invesco Advantage Municipal Income Trust II Price Performance

NYSEAMERICAN:VKI remained flat at $8.86 during trading hours on Friday. 130,831 shares of the company’s stock were exchanged, compared to its average volume of 144,944. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.08 and a 1-year high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be paid a $0.0559 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 7.57%.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.