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

Key Points

• Short interest plunged 80.6% to 46,040 shares as of March 31, leaving a days-to-cover ratio of 0.2 and only about 0.1% of the company's stock shorted.
• The fund declared a monthly dividend of $0.0559 (ex-dividend April 14, payable April 30), implying an annualized yield of about 7.4%.
• Insider activity and institutional flows showed buying: a major shareholder purchased 3,359 shares at $8.68 on April 2, and institutional investors now own roughly 27.52% of the stock.

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 46,040 shares, a decline of 80.6% from the March 15th total of 236,955 shares. Based on an average trading volume of 204,674 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company's stock are short sold.

Invesco Advantage Municipal Income Trust II Stock Down 0.4%

Shares of VKI stock traded down $0.04 during mid-day trading on Friday, hitting $9.08. The company's stock had a trading volume of 70,767 shares, compared to its average volume of 177,742. Invesco Advantage Municipal Income Trust II has a 52-week low of $7.93 and a 52-week high of $9.60. The business has a 50-day moving average price of $9.09 and a 200 day moving average price of $8.98.

Invesco Advantage Municipal Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be paid a $0.0559 dividend. The ex-dividend date is Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Insider Buying and Selling at Invesco Advantage Municipal Income Trust II

In other Invesco Advantage Municipal Income Trust II news, major shareholder Of America Corp /De/ Bank purchased 3,359 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average price of $8.68 per share, for a total transaction of $29,156.12. Following the completion of the purchase, the insider directly owned 3,359 shares of the company's stock, valued at $29,156.12. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter worth $28,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter worth $51,000. J.W. Cole Advisors Inc. purchased a new position in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter worth $117,000. Moloney Securities Asset Management LLC raised its stake in shares of Invesco Advantage Municipal Income Trust II by 10.8% in 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 last quarter. Finally, TPG Advisors LLC raised its stake in shares of Invesco Advantage Municipal Income Trust II by 11.2% in the third quarter. TPG Advisors LLC now owns 14,219 shares of the financial services provider's stock worth $125,000 after purchasing an additional 1,437 shares during the last quarter. Hedge funds and other institutional investors own 27.52% of the company's stock.

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.

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