INV VK HI INC2 (NYSE:VLT) Stock Short Interest Rises 555.6%

Key Points

• Short interest surged 555.6% to 25,003 shares as of October 15, representing about 0.4% of outstanding shares and 0.9 days to cover.
• VLT shares were flat at $8.78, near their one-year low of $8.70, while trading volume significantly exceeded its average.
• The fund declared a monthly dividend of $0.0895, equal to an annualized $1.07 payout and a 12.2% yield; institutional investors own 21.63% of the shares.

INV VK HI INC2 (NYSE:VLT - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 25,003 shares, an increase of 555.6% from the September 30th total of 3,814 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,412 shares, the days-to-cover ratio is currently 0.9 days.

INV VK HI INC2 Price Performance

Shares of VLT stock remained flat at $8.78 on Tuesday. The stock had a trading volume of 139,418 shares, compared to its average volume of 21,639. INV VK HI INC2 has a 1-year low of $8.70 and a 1-year high of $11.34. The stock's fifty day moving average price is $9.41 and its 200 day moving average price is $10.25.

INV VK HI INC2 Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be paid a $0.0895 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 12.2%. This is a positive change from INV VK HI INC2's previous monthly dividend of $0.0895. The ex-dividend date is Wednesday, October 14th.

Hedge Funds Weigh In On INV VK HI INC2

Hedge funds and other institutional investors have recently made changes to their positions in the business. Shaker Financial Services LLC lifted its holdings in shares of INV VK HI INC2 by 211.5% during the third quarter. Shaker Financial Services LLC now owns 149,149 shares of the financial services provider's stock valued at $1,356,000 after purchasing an additional 101,268 shares during the last quarter. Mallini Complete Financial Planning LLC raised its holdings in shares of INV VK HI INC2 by 25.6% during the second quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider's stock valued at $259,000 after acquiring an additional 5,077 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of INV VK HI INC2 by 83.2% during the first quarter. Cetera Investment Advisers now owns 28,191 shares of the financial services provider's stock valued at $285,000 after acquiring an additional 12,802 shares during the period. 21.63% of the stock is currently owned by institutional investors and hedge funds.

About INV VK HI INC2

Invesco High Income Trust II NYSE: VLT is a closed-end investment company managed by Invesco Ltd. Rather than operating a conventional business, the fund invests in a diversified portfolio of income-producing securities, with an emphasis on below-investment-grade corporate debt and other high-yield fixed-income investments.

The fund seeks to provide investors with a high level of current income while also pursuing capital appreciation. Its portfolio may include bonds and other debt instruments issued by companies across a range of industries and geographic markets, subject to the fund's investment policies and the judgment of its investment adviser, Invesco Advisers, Inc

Invesco High Income Trust II is listed on the New York Stock Exchange and is overseen through the governance structure applicable to closed-end funds.

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