Short Interest in INV VK HI INC2 (NYSE:VLT) Declines By 88.5%

Key Points

• Short interest plunged 88.5% to 6,826 shares as of July 31, representing just 0.1% of outstanding shares and a short-interest ratio of 0.2 days.
• Institutional ownership stands at 21.63%, with Fiera Capital and Cetera Investment Advisers among investors that significantly increased their positions.
• Shares rose 0.1% to $10.08, while the fund declared a monthly dividend of $0.0895 per share, implying a 10.7% annualized yield.

INV VK HI INC2 (NYSE:VLT - ) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 6,826 shares, a decrease of 88.5% from the July 15th total of 59,135 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 35,247 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On INV VK HI INC2

Large investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its stake in shares of INV VK HI INC2 by 92.0% in the 4th quarter. Fiera Capital Corp now owns 110,547 shares of the financial services provider's stock valued at $1,235,000 after purchasing an additional 52,983 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in INV VK HI INC2 during the third quarter worth $342,000. Cetera Investment Advisers boosted its position in INV VK HI INC2 by 83.2% during the 1st 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 in the last quarter. Finally, Mallini Complete Financial Planning LLC raised its position in shares of INV VK HI INC2 by 25.6% in the 2nd quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider's stock worth $259,000 after acquiring an additional 5,077 shares in the last quarter. 21.63% of the stock is owned by institutional investors.

INV VK HI INC2 Trading Up 0.1%

Shares of INV VK HI INC2 stock traded up $0.01 on Wednesday, hitting $10.08. 13,096 shares of the company traded hands, compared to its average volume of 18,484. The business has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.48. INV VK HI INC2 has a 52 week low of $9.85 and a 52 week high of $11.43.

INV VK HI INC2 Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.0895 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

About INV VK HI INC2

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. It invests in the fixed income markets. The fund seeks to invest in securities rated between BB and C by Standard and Poor's. It seeks to maintain an average duration of around three to four years for its portfolio.

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