Short Interest in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Grows By 59.4%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 309,250 shares, an increase of 59.4% from the December 15th total of 194,017 shares. Based on an average daily volume of 168,706 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 168,706 shares, the days-to-cover ratio is presently 1.8 days.

Invesco Advantage Municipal Income Trust II Price Performance

Shares of NYSEAMERICAN VKI traded down $0.01 during mid-day trading on Friday, reaching $9.15. The company’s stock had a trading volume of 152,072 shares, compared to its average volume of 125,943. Invesco Advantage Municipal Income Trust II has a 1-year low of $7.89 and a 1-year high of $9.25. The stock has a 50-day moving average of $8.96 and a two-hundred day moving average of $8.69.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0559 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Insider Activity

In other news, major shareholder Of America Corp /De/ Bank bought 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VKI. CoreCap Advisors LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II during the fourth quarter worth about $28,000. TPG Advisors LLC increased its position in Invesco Advantage Municipal Income Trust II by 24.3% in the 2nd quarter. TPG Advisors LLC now owns 12,782 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 2,500 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Invesco Advantage Municipal Income Trust II by 26.2% during the first quarter. Geneos Wealth Management Inc. now owns 13,017 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 2,700 shares during the last quarter. Savant Capital LLC acquired a new stake in Invesco Advantage Municipal Income Trust II in the second quarter valued at about $115,000. Finally, Moloney Securities Asset Management LLC lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 10.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,910 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,355 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.