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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 117,295 shares, a growth of 28.9% from the February 12th total of 91,027 shares. Based on an average daily trading volume, of 117,480 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 117,480 shares, the short-interest ratio is presently 1.0 days.

Insider Activity at Invesco Advantage Municipal Income Trust II

In other Invesco Advantage Municipal Income Trust II news, major shareholder Of America Corp /De/ Bank acquired 8,531 shares of Invesco Advantage Municipal Income Trust II stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average cost of $9.08 per share, for a total transaction of $77,461.48. Following the acquisition, the insider owned 8,531 shares of the company’s stock, valued at $77,461.48. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Several hedge funds and other institutional investors have recently made changes to their positions in VKI. World Investment Advisors boosted its stake in shares of Invesco Advantage Municipal Income Trust II by 17.7% during the 4th quarter. World Investment Advisors now owns 43,795 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 6,583 shares during the last quarter. Alpine Global Management LLC grew 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 in the last quarter. Royal Bank of Canada increased its holdings in Invesco Advantage Municipal Income Trust II by 12.0% in the 4th quarter. Royal Bank of Canada now owns 47,530 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 5,086 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Invesco Advantage Municipal Income Trust II during the fourth quarter valued at approximately $51,000. Finally, Van ECK Associates Corp boosted its position in shares of Invesco Advantage Municipal Income Trust II by 10.1% during the 4th quarter. Van ECK Associates Corp now owns 252,937 shares of the financial services provider’s stock valued at $2,307,000 after acquiring an additional 23,307 shares during the last quarter. Hedge funds and other institutional investors own 27.52% of the company’s stock.

Invesco Advantage Municipal Income Trust II Stock Performance

VKI opened at $9.30 on Tuesday. The company’s 50-day simple moving average is $9.18 and its two-hundred day simple moving average is $8.95. Invesco Advantage Municipal Income Trust II has a 52-week low of $7.89 and a 52-week high of $9.45.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.0559 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Invesco Advantage Municipal Income Trust II Company Profile

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN: VKI) is a closed-end management investment company that primarily seeks to provide shareholders with high after-tax total return. The fund pursues its objective by investing predominantly in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities and other political subdivisions.

The fund’s investment strategy emphasizes credit quality and income generation, with portfolio managers conducting in-depth credit analysis to identify opportunities across various sectors—such as transportation, education and healthcare—that offer attractive tax-exempt yields.