Invesco Bond Fund (NYSE:VBF) Sees Large Decline in Short Interest

Invesco Bond Fund (NYSE:VBF) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,500 shares, a drop of 41.4% from the December 15th total of 11,100 shares. Based on an average daily trading volume, of 29,400 shares, the short-interest ratio is presently 0.2 days.

Invesco Bond Fund Stock Performance

Shares of VBF stock traded down $0.01 during trading hours on Tuesday, reaching $15.30. The company had a trading volume of 14,655 shares, compared to its average volume of 22,732. The business has a fifty day moving average price of $15.74 and a 200-day moving average price of $16.24. Invesco Bond Fund has a one year low of $15.03 and a one year high of $17.48.

Invesco Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Friday, January 17th.

Institutional Investors Weigh In On Invesco Bond Fund

Hedge funds have recently added to or reduced their stakes in the stock. Oak Harbor Wealth Partners LLC grew its holdings in shares of Invesco Bond Fund by 2.6% in the third quarter. Oak Harbor Wealth Partners LLC now owns 42,576 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 1,065 shares during the period. ProVise Management Group LLC increased its position in shares of Invesco Bond Fund by 5.6% during the 2nd quarter. ProVise Management Group LLC now owns 98,845 shares of the financial services provider’s stock valued at $1,585,000 after purchasing an additional 5,255 shares during the last quarter. WealthBridge Capital Management LLC lifted its stake in shares of Invesco Bond Fund by 41.3% in the 3rd quarter. WealthBridge Capital Management LLC now owns 93,758 shares of the financial services provider’s stock worth $1,595,000 after purchasing an additional 27,407 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Invesco Bond Fund by 1,545.2% in the third quarter. International Assets Investment Management LLC now owns 100,359 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 94,259 shares during the last quarter. 43.73% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Bond Fund

Invesco Bond Fund is a close 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.