INV VK HI INC2 (NYSE:VLT – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 25,003 shares, a growth of 555.6% from the September 30th total of 3,814 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 28,412 shares, the short-interest ratio is currently 0.9 days.
INV VK HI INC2 Stock Up 0.5%
Shares of VLT traded up $0.05 during mid-day trading on Thursday, reaching $8.91. The company had a trading volume of 8,640 shares, compared to its average volume of 22,366. The stock has a 50 day moving average of $9.34 and a two-hundred day moving average of $10.21. INV VK HI INC2 has a 52-week low of $8.70 and a 52-week high of $11.34.
INV VK HI INC2 Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a $0.0895 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 12.1%. This is an increase from INV VK HI INC2’s previous monthly dividend of $0.0895. The ex-dividend date is Wednesday, October 14th.
Institutional Trading of INV VK HI INC2
Institutional investors and hedge funds have recently modified their holdings of the stock. Mallini Complete Financial Planning LLC raised its stake in INV VK HI INC2 by 25.6% in the 2nd quarter. Mallini Complete Financial Planning LLC now owns 24,894 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 5,077 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of INV VK HI INC2 by 83.2% during the 1st quarter. Cetera Investment Advisers now owns 28,191 shares of the financial services provider’s stock worth $285,000 after buying an additional 12,802 shares during the last quarter. Finally, Shaker Financial Services LLC raised its position in INV VK HI INC2 by 211.5% in the third quarter. Shaker Financial Services LLC now owns 149,149 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 101,268 shares during the period. Hedge funds and other institutional investors own 21.63% of the company’s stock.
INV VK HI INC2 Company Profile
Invesco High Income Trust II (NYSE: VLT) is a closed-end investment company managed by Invesco Ltd. Rather than operating a conventional business, the fund invests in a diversified portfolio of income-producing securities, with an emphasis on below-investment-grade corporate debt and other high-yield fixed-income investments.
The fund seeks to provide investors with a high level of current income while also pursuing capital appreciation. Its portfolio may include bonds and other debt instruments issued by companies across a range of industries and geographic markets, subject to the fund’s investment policies and the judgment of its investment adviser, Invesco Advisers, Inc
Invesco High Income Trust II is listed on the New York Stock Exchange and is overseen through the governance structure applicable to closed-end funds.
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