Invesco High Income Trust II (NYSE:VLT) Sees Large Increase in Short Interest

Invesco High Income Trust II (NYSE:VLTGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 700 shares, a growth of 75.0% from the March 31st total of 400 shares. Based on an average trading volume of 23,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in Invesco High Income Trust II by 26.6% during the second quarter. Morgan Stanley now owns 3,969 shares of the financial services provider’s stock worth $59,000 after buying an additional 833 shares during the period. Bank of America Corp DE lifted its position in Invesco High Income Trust II by 42.9% during the second quarter. Bank of America Corp DE now owns 10,552 shares of the financial services provider’s stock worth $158,000 after buying an additional 3,167 shares during the period. LPL Financial LLC lifted its position in Invesco High Income Trust II by 19.9% during the fourth quarter. LPL Financial LLC now owns 14,466 shares of the financial services provider’s stock worth $208,000 after buying an additional 2,404 shares during the period. Advisor Group Holdings Inc. lifted its position in Invesco High Income Trust II by 28.4% during the third quarter. Advisor Group Holdings Inc. now owns 20,413 shares of the financial services provider’s stock worth $298,000 after buying an additional 4,515 shares during the period. Finally, Fiera Capital Corp lifted its position in Invesco High Income Trust II by 2.8% during the fourth quarter. Fiera Capital Corp now owns 28,718 shares of the financial services provider’s stock worth $412,000 after buying an additional 789 shares during the period. Hedge funds and other institutional investors own 30.66% of the company’s stock.

Shares of NYSE:VLT opened at $11.56 on Friday. Invesco High Income Trust II has a 52-week low of $11.56 and a 52-week high of $15.34. The stock’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $13.45.

The business also recently disclosed a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 18th were given a $0.0964 dividend. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $1.16 annualized dividend and a dividend yield of 10.00%.

Invesco High Income Trust II Company Profile (Get Rating)

Invesco High 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.

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