INV VK HI INC2 (NYSE:VLT) Sees Significant Drop in Short Interest

INV VK HI INC2 (NYSE:VLT) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 6,826 shares, a decrease of 88.5% from the July 15th total of 59,135 shares. Based on an average trading volume of 35,247 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

INV VK HI INC2 Stock Up 0.1%

Shares of NYSE:VLT traded up $0.01 during trading on Friday, hitting $10.13. The stock had a trading volume of 7,186 shares, compared to its average volume of 18,424. The firm’s fifty day moving average is $10.29 and its 200 day moving average is $10.47. INV VK HI INC2 has a 12 month low of $9.85 and a 12 month high of $11.43.

INV VK HI INC2 Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.0895 dividend. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Monday, August 17th.

Hedge Funds Weigh In On INV VK HI INC2

Several institutional investors and hedge funds have recently added to or reduced their stakes in VLT. Mallini Complete Financial Planning LLC boosted its holdings in shares of INV VK HI INC2 by 25.6% during 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 buying an additional 5,077 shares in the last quarter. Cetera Investment Advisers lifted its position in 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 valued at $285,000 after acquiring an additional 12,802 shares during the period. Ameriprise Financial Inc. purchased a new position in INV VK HI INC2 during the 3rd quarter valued at about $342,000. Finally, Fiera Capital Corp boosted its stake in INV VK HI INC2 by 92.0% during the fourth quarter. Fiera Capital Corp now owns 110,547 shares of the financial services provider’s stock worth $1,235,000 after acquiring an additional 52,983 shares in the last quarter. Hedge funds and other institutional investors own 21.63% of the company’s stock.

About INV VK HI INC2

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.