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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 16,872 shares, a drop of 87.5% from the September 15th total of 134,892 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 288,968 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

A number of hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new stake in Invesco Advantage Municipal Income Trust II during the second quarter valued at $127,000. Kestra Advisory Services LLC increased its holdings in Invesco Advantage Municipal Income Trust II by 334.8% during the 1st quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 18,859 shares during the period. Worth Asset Management LLC bought a new position in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter worth $271,000. Cetera Investment Advisers increased its position in Invesco Advantage Municipal Income Trust II by 20.4% during the 1st quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider’s stock valued at $310,000 after buying an additional 6,068 shares in the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 17.7% during the fourth quarter. World Investment Advisors now owns 43,795 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 6,583 shares during the period. 27.52% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Advantage Municipal Income Trust II Trading Up 3.3%

Shares of NYSEAMERICAN:VKI traded up $0.25 during midday trading on Friday, hitting $7.78. The company had a trading volume of 302,431 shares, compared to its average volume of 326,305. The company has a fifty day moving average of $8.50 and a two-hundred day moving average of $8.82. Invesco Advantage Municipal Income Trust II has a 12-month low of $7.25 and a 12-month high of $9.60.

Invesco Advantage Municipal Income Trust II Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.0559 per share. 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 8.6%. The ex-dividend date of this dividend is Wednesday, October 14th.

About Invesco Advantage Municipal Income Trust II

Invesco Advantage Municipal Income Trust II is a closed-end investment company listed on the NYSE American under the ticker symbol VKI. The fund is managed by Invesco Ltd., a global investment management firm, and is designed for investors seeking income from a professionally managed portfolio of municipal securities.

The fund invests primarily in debt obligations issued by states, municipalities and other governmental entities in the United States. These investments may include general obligation bonds, revenue bonds and other municipal instruments.