Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) Short Interest Down 38.2% in February

Invesco Advantage Municipal Income Trust II (NYSEAMERICAN:VKI) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 79,100 shares, a decline of 38.2% from the February 13th total of 128,000 shares. Based on an average daily volume of 145,300 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Advantage Municipal Income Trust II

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 4.6% during the fourth quarter. Bank of Montreal Can now owns 27,584 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,224 shares during the last quarter. Indiana Trust & Investment Management Co grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 1.8% during the fourth quarter. Indiana Trust & Investment Management Co now owns 123,303 shares of the financial services provider’s stock worth $1,078,000 after buying an additional 2,212 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Invesco Advantage Municipal Income Trust II by 37.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,317 shares of the financial services provider’s stock worth $90,000 after buying an additional 2,800 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Invesco Advantage Municipal Income Trust II in the 3rd quarter valued at approximately $28,000. Finally, Nuveen Asset Management LLC boosted its holdings in Invesco Advantage Municipal Income Trust II by 7.5% in the 4th quarter. Nuveen Asset Management LLC now owns 43,232 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 3,000 shares in 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

Shares of VKI traded up $0.02 during midday trading on Friday, reaching $8.70. 150,282 shares of the stock were exchanged, compared to its average volume of 131,975. The firm has a 50-day simple moving average of $8.77. Invesco Advantage Municipal Income Trust II has a twelve month low of $8.14 and a twelve month high of $9.42.

Invesco Advantage Municipal Income Trust II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0559 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Monday, March 17th.

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.