Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Sees Large Decline in Short Interest

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 79,100 shares, a drop of 38.2% from the February 13th total of 128,000 shares. Based on an average daily trading volume, of 145,300 shares, the short-interest ratio is currently 0.5 days.

Invesco Advantage Municipal Income Trust II Stock Performance

NYSEAMERICAN VKI traded down $0.10 during trading on Monday, reaching $8.60. 117,541 shares of the company’s stock traded hands, compared to its average volume of 155,039. The company has a 50 day simple moving average of $8.77. Invesco Advantage Municipal Income Trust II has a 12-month low of $8.14 and a 12-month high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0559 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.67 annualized dividend and a yield of 7.80%.

Institutional Trading of Invesco Advantage Municipal Income Trust II

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of Invesco Advantage Municipal Income Trust II by 1,054.8% in the fourth quarter. LPL Financial LLC now owns 375,183 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 342,694 shares during the period. Guggenheim Capital LLC increased its stake in shares of Invesco Advantage Municipal Income Trust II by 32.0% during the fourth quarter. Guggenheim Capital LLC now owns 938,622 shares of the financial services provider’s stock worth $8,204,000 after purchasing an additional 227,479 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Advantage Municipal Income Trust II in the 4th quarter worth about $1,149,000. Robinson Capital Management LLC raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 9.9% during the fourth quarter. Robinson Capital Management LLC now owns 1,224,564 shares of the financial services provider’s stock valued at $10,703,000 after acquiring an additional 110,696 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of Invesco Advantage Municipal Income Trust II in the fourth quarter worth approximately $752,000. 27.52% of the stock is currently owned by institutional investors and hedge funds.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal 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 Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.