Short Interest in INV VK HI INC2 (NYSE:VLT) Rises By 108.9%

Key Points

• Short interest in INV VK HI INC2 (NYSE:VLT) has surged by 108.9% in July, with a total of 33,000 shares short sold as of July 31st.
• The company announced a monthly dividend of $0.0964 per share, with a yield of 10.3%, set to be paid on August 29th.
• Institutional ownership in INV VK HI INC2 reached 21.63%, with notable increases in stakes from several large investors during the first half of the year.

INV VK HI INC2 (NYSE:VLT - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 33,000 shares, anincreaseof108.9% from the July 15th total of 15,800 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 1.8 days. Approximately0.5% of the company's shares are short sold. Approximately0.5% of the company's shares are short sold. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 1.8 days.

Hedge Funds Weigh In On INV VK HI INC2

Several institutional investors have recently made changes to their positions in VLT. Atlantic Union Bankshares Corp purchased a new position in shares of INV VK HI INC2 during the second quarter valued at $26,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of INV VK HI INC2 during the second quarter valued at $121,000. Wolverine Asset Management LLC purchased a new position in shares of INV VK HI INC2 during the first quarter valued at $195,000. Park Avenue Securities LLC purchased a new position in shares of INV VK HI INC2 during the second quarter valued at $710,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of INV VK HI INC2 by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 73,616 shares of the financial services provider's stock valued at $780,000 after buying an additional 1,275 shares during the period. Hedge funds and other institutional investors own 21.63% of the company's stock.

INV VK HI INC2 Stock Performance

Shares of INV VK HI INC2 stock traded up $0.03 during trading on Friday, hitting $11.11. 11,213 shares of the stock traded hands, compared to its average volume of 19,815. INV VK HI INC2 has a 52-week low of $9.12 and a 52-week high of $11.63. The stock's fifty day simple moving average is $10.98 and its 200 day simple moving average is $10.71.

INV VK HI INC2 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.0964 per share. The ex-dividend date is Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 10.4%.

INV VK HI INC2 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.