Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Shares Shorted: Short Interest Down 87.5% in September

Key Points

• Short interest plunged 87.5% in September to 16,872 shares, representing 0.0% of outstanding shares and just 0.1 days to cover.
• Institutional investors increased exposure to VKI, while hedge funds and other institutions collectively owned 27.52% of the fund.
• VKI shares rose 3.3% to $7.78, and the fund declared a monthly dividend of $0.0559 per share, equivalent to an annualized yield of approximately 8.6%.

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI - Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 16,872 shares, a drop of 87.5% from the September 15th total of 134,892 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 288,968 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Several institutional investors have recently modified their holdings of VKI. Baird Financial Group Inc. acquired a new position in Invesco Advantage Municipal Income Trust II during the second quarter worth $127,000. Kestra Advisory Services LLC grew its holdings in Invesco Advantage Municipal Income Trust II by 334.8% in the first quarter. Kestra Advisory Services LLC now owns 24,492 shares of the financial services provider's stock valued at $212,000 after purchasing an additional 18,859 shares during the last quarter. Worth Asset Management LLC acquired a new stake in Invesco Advantage Municipal Income Trust II in the second quarter valued at $271,000. Cetera Investment Advisers increased its position in shares of Invesco Advantage Municipal Income Trust II by 20.4% in the first quarter. Cetera Investment Advisers now owns 35,844 shares of the financial services provider's stock valued at $310,000 after buying an additional 6,068 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Invesco Advantage Municipal Income Trust II by 17.7% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 27.52% of the company's stock.

Invesco Advantage Municipal Income Trust II Stock Up 3.3%

VKI stock traded up $0.25 during trading on Friday, reaching $7.78. 302,431 shares of the company were exchanged, compared to its average volume of 316,268. Invesco Advantage Municipal Income Trust II has a 52-week low of $7.25 and a 52-week high of $9.60. The stock's 50 day moving average price is $8.50 and its 200 day moving average price is $8.82.

Invesco Advantage Municipal Income Trust II Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0559 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, October 14th. This is a positive change from Invesco Advantage Municipal Income Trust II's previous monthly dividend of $0.0559.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II is a closed-end investment company listed on the NYSE American under the ticker symbol VKI. The fund is managed by Invesco Ltd., a global investment management firm, and is designed for investors seeking income from a professionally managed portfolio of municipal securities.

The fund invests primarily in debt obligations issued by states, municipalities and other governmental entities in the United States. These investments may include general obligation bonds, revenue bonds and other municipal instruments.

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