Short Interest in INV VK HI INC2 (NYSE:VLT) Expands By 208.3%

INV VK HI INC2 (NYSE:VLT) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 52,729 shares, a growth of 208.3% from the May 14th total of 17,104 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 24,228 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Fiera Capital Corp increased its position in INV VK HI INC2 by 92.0% during the 4th quarter. Fiera Capital Corp now owns 110,547 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 52,983 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of INV VK HI INC2 by 2.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 73,455 shares of the financial services provider’s stock valued at $824,000 after buying an additional 1,969 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of INV VK HI INC2 in the 3rd quarter valued at about $342,000. Cetera Investment Advisers boosted its holdings in shares of INV VK HI INC2 by 83.2% in the 1st quarter. Cetera Investment Advisers now owns 28,191 shares of the financial services provider’s stock valued at $285,000 after buying an additional 12,802 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of INV VK HI INC2 by 1,676.0% in the 4th quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider’s stock valued at $130,000 after buying an additional 11,011 shares in the last quarter. Hedge funds and other institutional investors own 21.63% of the company’s stock.

INV VK HI INC2 Price Performance

NYSE VLT opened at $10.47 on Friday. The company’s 50-day simple moving average is $10.41 and its two-hundred day simple moving average is $10.74. INV VK HI INC2 has a one year low of $9.85 and a one year high of $11.43.

INV VK HI INC2 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

INV VK HI INC2 Company Profile

Invesco High 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd. It invests in the fixed income markets. The fund seeks to invest in securities rated between BB and C by Standard and Poor's. It seeks to maintain an average duration of around three to four years for its portfolio.