Short Interest in INV VK HI INC2 (NYSE:VLT) Expands 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 - ) was the recipient of a large 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 currently 1.8 days. Currently,0.5% of the shares of the company are short sold. Currently,0.5% of the shares of the company are short sold. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is currently 1.8 days.

INV VK HI INC2 Stock Down 0.1%

VLT stock traded down $0.01 on Friday, hitting $11.19. The company's stock had a trading volume of 30,543 shares, compared to its average volume of 21,039. The firm has a 50 day moving average of $10.95 and a two-hundred day moving average of $10.70. INV VK HI INC2 has a 1 year low of $9.12 and a 1 year high of $11.63.

INV VK HI INC2 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a dividend of $0.0964 per share. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

Hedge Funds Weigh In On INV VK HI INC2

Large investors have recently bought and sold shares of the company. Shaker Financial Services LLC grew its stake in shares of INV VK HI INC2 by 126.9% during the 1st quarter. Shaker Financial Services LLC now owns 149,862 shares of the financial services provider's stock worth $1,587,000 after purchasing an additional 83,823 shares during the period. Park Avenue Securities LLC acquired a new position in shares of INV VK HI INC2 during the 2nd quarter worth $710,000. Wolverine Asset Management LLC acquired a new position in shares of INV VK HI INC2 during the 1st quarter worth $195,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of INV VK HI INC2 during the 2nd quarter worth $121,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of INV VK HI INC2 during the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 21.63% of the company's stock.

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.

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