Invesco Advantage Municipal Income Tr II (VKI) Sees Significant Increase in Short Interest

Invesco Advantage Municipal Income Tr II (NYSE:VKI) was the target of a significant growth in short interest in the month of September. As of September 29th, there was short interest totalling 41,180 shares, a growth of 95.0% from the September 15th total of 21,121 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 86,636 shares, the short-interest ratio is currently 0.5 days.

Invesco Advantage Municipal Income Tr II (VKI) traded down 0.35% during mid-day trading on Tuesday, reaching $11.48. The company’s stock had a trading volume of 108,545 shares. Invesco Advantage Municipal Income Tr II has a one year low of $10.68 and a one year high of $12.17. The stock has a 50-day moving average price of $11.67 and a 200-day moving average price of $11.53.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a dividend of $0.0547 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Thursday, October 12th.

Large investors have recently bought and sold shares of the company. Ackerman Capital Advisors LLC acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $116,000. Strid Group LLC acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $116,000. HighTower Advisors LLC grew its position in shares of Invesco Advantage Municipal Income Tr II by 2.1% during the 2nd quarter. HighTower Advisors LLC now owns 11,835 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 244 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $142,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $185,000.

TRADEMARK VIOLATION NOTICE: “Invesco Advantage Municipal Income Tr II (VKI) Sees Significant Increase in Short Interest” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/invesco-advantage-municipal-income-tr-ii-vki-sees-significant-increase-in-short-interest.html.

About Invesco Advantage Municipal Income Tr II

Invesco Advantage Municipal Income Trust II (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to pro

Invesco Advantage Municipal Income Tr II (VKI) traded down 0.35% during mid-day trading on Tuesday, reaching $11.48. The company’s stock had a trading volume of 108,545 shares. Invesco Advantage Municipal Income Tr II has a one year low of $10.68 and a one year high of $12.17. The stock has a 50-day moving average price of $11.67 and a 200-day moving average price of $11.53.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a dividend of $0.0547 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Thursday, October 12th.

Large investors have recently bought and sold shares of the company. Ackerman Capital Advisors LLC acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $116,000. Strid Group LLC acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $116,000. HighTower Advisors LLC grew its position in shares of Invesco Advantage Municipal Income Tr II by 2.1% during the 2nd quarter. HighTower Advisors LLC now owns 11,835 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 244 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $142,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Invesco Advantage Municipal Income Tr II during the 2nd quarter valued at about $185,000.

TRADEMARK VIOLATION NOTICE: “Invesco Advantage Municipal Income Tr II (VKI) Sees Significant Increase in Short Interest” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/invesco-advantage-municipal-income-tr-ii-vki-sees-significant-increase-in-short-interest.html.

About Invesco Advantage Municipal Income Tr II

Invesco Advantage Municipal Income Trust II (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. Under normal market conditions, the Trust focuses on investing in municipal securities rated investment grade at the time of investment.

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