Short Interest in Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Declines By 14.9%

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 115,800 shares, a drop of 14.9% from the November 30th total of 136,000 shares. Based on an average trading volume of 151,300 shares, the days-to-cover ratio is currently 0.8 days.

Invesco Advantage Municipal Income Trust II Price Performance

VKI stock opened at $8.61 on Monday. Invesco Advantage Municipal Income Trust II has a 52 week low of $8.14 and a 52 week high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.0559 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.67 annualized dividend and a dividend yield of 7.79%.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

A number of large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in Invesco Advantage Municipal Income Trust II in the second quarter valued at approximately $1,778,000. Rothschild Investment LLC purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at $722,000. Advisors Asset Management Inc. increased its stake in shares of Invesco Advantage Municipal Income Trust II by 65.3% in the third quarter. Advisors Asset Management Inc. now owns 204,041 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 80,607 shares during the period. Stifel Financial Corp raised its holdings in shares of Invesco Advantage Municipal Income Trust II by 58.4% during the third quarter. Stifel Financial Corp now owns 154,291 shares of the financial services provider’s stock worth $1,436,000 after purchasing an additional 56,874 shares during the last quarter. Finally, World Investment Advisors LLC lifted its position in Invesco Advantage Municipal Income Trust II by 84.9% during the third quarter. World Investment Advisors LLC now owns 108,462 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 49,807 shares during the period. 27.52% of the stock is owned by hedge funds and other institutional investors.

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.