Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Short Interest Up 45.1% in January

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKIGet Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 19,300 shares, a growth of 45.1% from the January 15th total of 13,300 shares. Based on an average daily volume of 138,000 shares, the short-interest ratio is presently 0.1 days.

Invesco Advantage Municipal Income Trust II Trading Up 0.5 %

Shares of VKI opened at $8.62 on Tuesday. Invesco Advantage Municipal Income Trust II has a one year low of $7.07 and a one year high of $8.98.

Invesco Advantage Municipal Income Trust II Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Friday, February 16th will be paid a $0.0349 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Invesco Advantage Municipal Income Trust II’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On Invesco Advantage Municipal Income Trust II

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. raised its position in Invesco Advantage Municipal Income Trust II by 0.3% in the 2nd quarter. Sit Investment Associates Inc. now owns 1,468,377 shares of the financial services provider’s stock valued at $12,349,000 after buying an additional 5,087 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Invesco Advantage Municipal Income Trust II in the 3rd quarter worth $111,000. Bank of Montreal Can purchased a new stake in shares of Invesco Advantage Municipal Income Trust II in the second quarter valued at about $404,000. Financial Engines Advisors L.L.C. bought a new position in shares of Invesco Advantage Municipal Income Trust II during the second quarter valued at about $90,000. Finally, Avior Wealth Management LLC purchased a new position in Invesco Advantage Municipal Income Trust II during the third quarter worth about $33,000. Institutional investors own 20.99% of the company’s stock.

About Invesco Advantage Municipal Income Trust II

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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.

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