Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Sees Large Decrease in Short Interest

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI – Get Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 59,300 shares, a decrease of 39.9% from the March 31st total of 98,700 shares. Based on an average trading volume of 115,100 shares, the days-to-cover ratio is currently 0.5 days.

Shares of VKI stock opened at $9.38 on Friday. Invesco Advantage Municipal Income Trust II has a one year low of $9.21 and a one year high of $12.88.

The business also recently declared a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 18th were paid a $0.0461 dividend. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.90%.

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Invesco Advantage Municipal Income Trust II by 8.4% in the 4th quarter. Bank of America Corp DE now owns 1,484,615 shares of the financial services provider’s stock valued at $18,083,000 after acquiring an additional 114,973 shares during the last quarter. Guggenheim Capital LLC increased its stake in Invesco Advantage Municipal Income Trust II by 0.7% during the 3rd quarter. Guggenheim Capital LLC now owns 1,272,513 shares of the financial services provider’s stock worth $15,843,000 after purchasing an additional 8,594 shares in the last quarter. Raymond James & Associates increased its stake in Invesco Advantage Municipal Income Trust II by 1.9% during the 4th quarter. Raymond James & Associates now owns 409,999 shares of the financial services provider’s stock worth $4,994,000 after purchasing an additional 7,542 shares in the last quarter. Morgan Stanley increased its stake in Invesco Advantage Municipal Income Trust II by 1.8% during the 3rd quarter. Morgan Stanley now owns 361,685 shares of the financial services provider’s stock worth $4,503,000 after purchasing an additional 6,355 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Invesco Advantage Municipal Income Trust II by 7.9% during the 4th quarter. Baird Financial Group Inc. now owns 205,904 shares of the financial services provider’s stock worth $2,508,000 after purchasing an additional 15,104 shares in the last quarter. 21.98% of the stock is owned by institutional investors.

Invesco Advantage Municipal Income Trust II Company Profile (Get Rating)

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.

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