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 increase in short interest during the month of May. As of May 29th, there was short interest totaling 52,729 shares, an increase of 208.3% from the May 14th total of 17,104 shares. Based on an average trading volume of 24,228 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.8% of the shares of the stock are short sold.

INV VK HI INC2 Trading Up 0.2%

NYSE VLT opened at $10.45 on Friday. INV VK HI INC2 has a one year low of $9.85 and a one year high of $11.43. The stock has a 50 day moving average price of $10.40 and a 200-day moving average price of $10.74.

INV VK HI INC2 Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its position 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 valued at $285,000 after acquiring an additional 12,802 shares during the last quarter. Fiera Capital Corp boosted its position in shares of 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 acquiring an additional 52,983 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of INV VK HI INC2 by 1,676.0% during the 4th quarter. CoreCap Advisors LLC now owns 11,668 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 11,011 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of INV VK HI INC2 during the 3rd quarter valued at approximately $342,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of INV VK HI INC2 by 2.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 73,455 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 1,969 shares during the last quarter. 21.63% of the stock is currently owned by institutional investors.

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.