Invesco Bond Fund (NYSE:VBF) Sees Significant Drop in Short Interest

Invesco Bond Fund (NYSE:VBF) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 11,100 shares, a decline of 18.4% from the November 30th total of 13,600 shares. Based on an average daily trading volume, of 28,800 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Bond Fund Price Performance

VBF traded up $0.03 during trading on Monday, hitting $15.39. 76,667 shares of the company traded hands, compared to its average volume of 35,048. Invesco Bond Fund has a one year low of $15.03 and a one year high of $17.48. The stock’s fifty day moving average is $15.94 and its 200 day moving average is $16.30.

Invesco Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.085 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.02 annualized dividend and a dividend yield of 6.63%.

Hedge Funds Weigh In On Invesco Bond Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Invesco Bond Fund during the 2nd quarter valued at $98,000. Oak Harbor Wealth Partners LLC boosted its position in Invesco Bond Fund by 2.6% during the third quarter. Oak Harbor Wealth Partners LLC now owns 42,576 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 1,065 shares during the period. WealthBridge Capital Management LLC increased its stake in shares of Invesco Bond Fund by 41.3% in the third 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 in the last quarter. Finally, ProVise Management Group LLC raised its position in shares of Invesco Bond Fund by 5.6% in the second 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 period. 43.73% of the stock is owned by 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.