Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Sees Significant Growth in Short Interest

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 112,400 shares, an increase of 69.5% from the September 15th total of 66,300 shares. Based on an average daily trading volume, of 149,700 shares, the short-interest ratio is currently 0.8 days.

Invesco Advantage Municipal Income Trust II Trading Down 0.3 %

NYSEAMERICAN:VKI opened at $9.07 on Friday. Invesco Advantage Municipal Income Trust II has a twelve month low of $7.07 and a twelve 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 Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be issued a $0.0559 dividend. This represents a $0.67 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Wednesday, October 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II in the second quarter worth about $722,000. XTX Topco Ltd purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the second quarter worth approximately $106,000. Matisse Capital purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the second quarter worth approximately $98,000. Van ECK Associates Corp lifted its position in shares of Invesco Advantage Municipal Income Trust II by 5.4% in the first quarter. Van ECK Associates Corp now owns 355,011 shares of the financial services provider’s stock worth $3,018,000 after purchasing an additional 18,117 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of Invesco Advantage Municipal Income Trust II by 51.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 32,130 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 10,850 shares in the last quarter. 27.52% of the stock is currently owned by institutional investors and hedge funds.

About Invesco Advantage Municipal Income Trust II

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.