Invesco Advantage Municipal Income Tr II (NYSE:VKI) was the target of a significant growth in short interest in September. As of September 29th, there was short interest totalling 41,180 shares, a growth of 95.0% from the September 15th total of 21,121 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 86,636 shares, the days-to-cover ratio is currently 0.5 days.

Shares of Invesco Advantage Municipal Income Tr II (NYSE:VKI) opened at 11.53 on Friday. Invesco Advantage Municipal Income Tr II has a 12 month low of $10.68 and a 12 month high of $11.93. The stock has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.54.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be issued a dividend of $0.0547 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.69%.

Several hedge funds have recently modified their holdings of the company. Robinson Capital Management LLC grew its holdings in shares of Invesco Advantage Municipal Income Tr II by 4.2% during the second quarter. Robinson Capital Management LLC now owns 605,008 shares of the financial services provider’s stock valued at $6,988,000 after buying an additional 24,300 shares in the last quarter. Allegis Investment Advisors LLC grew its holdings in shares of Invesco Advantage Municipal Income Tr II by 4.7% during the second quarter. Allegis Investment Advisors LLC now owns 158,417 shares of the financial services provider’s stock valued at $1,830,000 after buying an additional 7,173 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Invesco Advantage Municipal Income Tr II by 13.9% during the second quarter. Van ECK Associates Corp now owns 120,137 shares of the financial services provider’s stock valued at $1,388,000 after buying an additional 14,616 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Invesco Advantage Municipal Income Tr II during the second quarter valued at $723,000. Finally, BB&T Securities LLC grew its holdings in shares of Invesco Advantage Municipal Income Tr II by 12.6% during the second quarter. BB&T Securities LLC now owns 56,122 shares of the financial services provider’s stock valued at $648,000 after buying an additional 6,258 shares in the last quarter.

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About Invesco Advantage Municipal Income Tr II

Invesco Advantage Municipal Income Trust II (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. Under normal market conditions, the Trust focuses on investing in municipal securities rated investment grade at the time of investment.

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