Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Stock Short Interest Falls 87.5%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the recipient of a large drop in short interest during the month of 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. Based on an average trading volume of 288,968 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Invesco Advantage Municipal Income Trust II Trading Up 0.3%

VKI traded up $0.02 on Monday, hitting $7.80. The company had a trading volume of 203,006 shares, compared to its average volume of 138,544. Invesco Advantage Municipal Income Trust II has a 12-month low of $7.25 and a 12-month high of $9.60. The business’s fifty day simple moving average is $8.50 and its 200 day simple moving average is $8.82.

Invesco Advantage Municipal Income Trust II Increases Dividend

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

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Large investors have recently modified their holdings of the stock. Alpine Global Management LLC raised its holdings in Invesco Advantage Municipal Income Trust II by 2.8% during the 4th quarter. Alpine Global Management LLC now owns 46,240 shares of the financial services provider’s stock valued at $422,000 after buying an additional 1,240 shares during the period. Madison Park Capital Advisors LLC lifted its position in Invesco Advantage Municipal Income Trust II by 8.3% in the first quarter. Madison Park Capital Advisors LLC now owns 45,662 shares of the financial services provider’s stock worth $395,000 after buying an additional 3,508 shares during the last quarter. Cetera Investment Advisers lifted its position in 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 worth $310,000 after buying an additional 6,068 shares during the last quarter. World Investment Advisors boosted its stake in Invesco Advantage Municipal Income Trust II by 17.7% during the fourth quarter. World Investment Advisors now owns 43,795 shares of the financial services provider’s stock worth $399,000 after buying an additional 6,583 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in Invesco Advantage Municipal Income Trust II during the second quarter worth $127,000. Institutional investors own 27.52% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

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.