Invesco High Income Trust II (NYSE:VLT) Sees Significant Growth in Short Interest

Invesco High Income Trust II (NYSE:VLT - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 10,800 shares, a growth of 63.6% from the April 30th total of 6,600 shares. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new position in shares of Invesco High Income Trust II in the first quarter valued at approximately $195,000. Envestnet Asset Management Inc. lifted its stake in Invesco High Income Trust II by 2.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 72,341 shares of the financial services provider's stock worth $793,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in Invesco High Income Trust II by 126.9% in the 1st quarter. Shaker Financial Services LLC now owns 149,862 shares of the financial services provider's stock valued at $1,587,000 after purchasing an additional 83,823 shares during the period. Hedge funds and other institutional investors own 21.63% of the company's stock.

Invesco High Income Trust II Trading Up 0.2%

Shares of NYSE:VLT traded up $0.02 during trading on Wednesday, hitting $10.70. 8,452 shares of the company were exchanged, compared to its average volume of 25,419. Invesco High Income Trust II has a 52-week low of $9.12 and a 52-week high of $11.63. The stock has a 50 day moving average of $10.31 and a 200 day moving average of $10.78.

Invesco High Income Trust II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.0964 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $1.16 annualized dividend and a yield of 10.81%.

Invesco High Income Trust II Company Profile

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.