Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Short Interest Down 14.8% in April

Key Points

• Short interest fell 14.8% to 39,208 shares as of April 15, representing about 0.1% of shares sold short and a very low short-interest ratio of 0.3 days.
• The fund declared and paid a monthly dividend of $0.0559 per share on April 30, implying an approximate annualized yield of 7.7%.
• Insider Of America Corp /De/ Bank purchased 3,359 shares at $8.68 on April 2, while institutions increased positions (Advisors Asset Management +38.2%, Hennion & Walsh +26.8%), with institutional ownership at about 27.52% and insiders owning 6.45%.

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 39,208 shares, a decrease of 14.8% from the March 31st total of 46,040 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 138,387 shares, the short-interest ratio is currently 0.3 days.

Insider Buying and Selling

In other news, major shareholder Of America Corp /De/ Bank purchased 3,359 shares of the business's stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average price of $8.68 per share, for a total transaction of $29,156.12. Following the acquisition, the insider directly owned 3,359 shares of the company's stock, valued at approximately $29,156.12. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.45% of the company's stock.

Institutional Trading of Invesco Advantage Municipal Income Trust II

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in shares of Invesco Advantage Municipal Income Trust II by 38.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 457,502 shares of the financial services provider's stock worth $4,012,000 after buying an additional 126,460 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Invesco Advantage Municipal Income Trust II by 26.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 602,604 shares of the financial services provider's stock valued at $5,285,000 after buying an additional 127,491 shares during the period. Alpine Global Management LLC boosted its position in Invesco Advantage Municipal Income Trust II by 2.8% in the 4th quarter. Alpine Global Management LLC now owns 46,240 shares of the financial services provider's stock valued at $422,000 after buying an additional 1,240 shares during the period. World Investment Advisors boosted its position in Invesco Advantage Municipal Income Trust II by 17.7% in the 4th quarter. World Investment Advisors now owns 43,795 shares of the financial services provider's stock valued at $399,000 after buying an additional 6,583 shares during the period. Finally, Indivisible Partners purchased a new stake in shares of Invesco Advantage Municipal Income Trust II during the 4th quarter worth $789,000. Institutional investors and hedge funds own 27.52% of the company's stock.

Invesco Advantage Municipal Income Trust II Stock Down 0.7%

Shares of NYSEAMERICAN VKI traded down $0.06 during midday trading on Friday, reaching $8.74. 180,407 shares of the stock were exchanged, compared to its average volume of 148,734. The company has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $8.98. Invesco Advantage Municipal Income Trust II has a twelve month low of $8.10 and a twelve month high of $9.60.

Invesco Advantage Municipal Income Trust II Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th were issued a dividend of $0.0559 per share. The ex-dividend date was Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.

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