Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Short Interest Update

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 79,200 shares, an increase of 66.0% from the January 15th total of 47,700 shares. Based on an average daily trading volume, of 160,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Robinson Capital Management LLC increased its position in shares of Invesco Advantage Municipal Income Trust II by 9.9% in the fourth quarter. Robinson Capital Management LLC now owns 1,224,564 shares of the financial services provider’s stock worth $10,703,000 after purchasing an additional 110,696 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Advantage Municipal Income Trust II by 1,054.8% in the 4th quarter. LPL Financial LLC now owns 375,183 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 342,694 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Invesco Advantage Municipal Income Trust II by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 329,749 shares of the financial services provider’s stock valued at $2,882,000 after buying an additional 10,839 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 65.3% during the 3rd 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 last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Invesco Advantage Municipal Income Trust II by 58.4% during the 3rd quarter. Stifel Financial Corp now owns 154,291 shares of the financial services provider’s stock worth $1,436,000 after acquiring an additional 56,874 shares during the last quarter. 27.52% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Advantage Municipal Income Trust II Price Performance

VKI stock opened at $8.90 on Thursday. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.0559 dividend. This represents a $0.67 annualized dividend and a yield of 7.54%. The ex-dividend date is Tuesday, February 18th.

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.