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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a large growth in short interest in 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 113,254 shares, the short-interest ratio is currently 2.1 days.

Invesco Advantage Municipal Income Trust II Stock Down 1.1%

Shares of VKI traded down $0.09 during midday trading on Friday, reaching $8.35. The company had a trading volume of 204,886 shares, compared to its average volume of 150,675. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.89 and a 1-year high of $9.60. The firm has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $8.97.

Invesco Advantage Municipal Income Trust II Dividend Announcement

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

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 bought 8,531 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was acquired at an average price of $9.08 per share, with a total value of $77,461.48. Following the completion of the acquisition, the insider directly owned 8,531 shares of the company’s stock, valued at $77,461.48. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.45% of the stock is currently owned by company insiders.

Institutional Trading of Invesco Advantage Municipal Income Trust II

Hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the 4th quarter valued at approximately $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II during the fourth quarter worth approximately $51,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Invesco Advantage Municipal Income Trust II during the fourth quarter worth $117,000. Moloney Securities Asset Management LLC lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 10.8% during the third quarter. Moloney Securities Asset Management LLC now owns 13,910 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,355 shares during the period. Finally, TPG Advisors LLC grew its position in Invesco Advantage Municipal Income Trust II by 11.2% in the 3rd quarter. TPG Advisors LLC now owns 14,219 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,437 shares during the last quarter. 27.52% of the stock is owned by institutional investors and hedge funds.

About Invesco Advantage Municipal Income Trust II

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.