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

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 115,800 shares, a decrease 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 Trading Down 1.5 %

NYSEAMERICAN:VKI traded down $0.13 during trading hours on Friday, hitting $8.61. 171,328 shares of the stock were exchanged, compared to its average volume of 146,865. 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 Announces Dividend

The company 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 $0.0559 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.79%.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of Invesco Advantage Municipal Income Trust II in the 2nd quarter valued at about $1,778,000. Rothschild Investment LLC acquired a new position in Invesco Advantage Municipal Income Trust II during the second quarter valued at approximately $722,000. Advisors Asset Management Inc. grew its stake in Invesco Advantage Municipal Income Trust II by 65.3% during the third quarter. Advisors Asset Management Inc. now owns 204,041 shares of the financial services provider’s stock worth $1,900,000 after buying an additional 80,607 shares during the period. Stifel Financial Corp increased its position in shares of Invesco Advantage Municipal Income Trust II by 58.4% in the third 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 in the last quarter. Finally, World Investment Advisors LLC raised its stake in shares of Invesco Advantage Municipal Income Trust II by 84.9% in the 3rd quarter. World Investment Advisors LLC now owns 108,462 shares of the financial services provider’s stock valued at $1,010,000 after acquiring an additional 49,807 shares during the period. Hedge funds and other institutional investors own 27.52% of the company’s stock.

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.