Invesco Bond Fund Sees Significant Decrease in Short Interest in December

The Invesco Bond Fund (NYSE:VBF - Get Free Report) experienced a notable decline in short interest during December. As of December 15th, the total short interest stood at 11,100 shares, reflecting a decrease of 18.4% from the 13,600 shares reported on November 30th. Considering the average daily trading volume of 28,800 shares, the current short-interest ratio is calculated at 0.4 days.

Hedge Fund Activity Related to Invesco Bond Fund

Recently, hedge funds and other institutional investors have made significant adjustments to their positions in the Invesco Bond Fund. For example, International Assets Investment Management LLC elevated its stake in the fund by 1,545.2% during the third quarter, now holding 100,359 shares valued at $1,707,000 after acquiring an additional 94,259 shares. Additionally, WealthBridge Capital Management LLC increased its holdings by 41.3%, owning 93,758 shares worth $1,595,000 after a purchase of 27,407 shares in the last quarter. ProVise Management Group LLC raised its stake by 5.6% in the previous quarter, managing a total of 98,845 shares valued at $1,585,000 after expanding its holdings by 5,255 shares. Lastly, Oak Harbor Wealth Partners LLC boosted its position in the fund by 2.6% during the third quarter, now owning 42,576 shares valued at $724,000, following an acquisition of 1,065 shares. In total, institutional investors and hedge funds own 43.73% of the firm's stock.

Recent Trading Activity for Invesco Bond Fund

On Friday, NYSE VBF saw a decline of 1.8%, trading down $0.28 to reach $15.36. The trading volume for the company was recorded at 45,987 shares, surpassing its average volume of 34,882 shares. The fund has experienced a 52-week low of $15.03 and a high of $17.48. Notably, the fifty-day simple moving average currently stands at $15.94, while its two-hundred day simple moving average is $16.30.

Dividend Announcement from Invesco Bond Fund

The fund also recently declared a monthly dividend, which will be distributed on Tuesday, December 31st. Shareholders on record by December 17th will receive a dividend of $0.085. This dividend amounts to an annual total of $1.02, yielding approximately 6.64%. The ex-dividend date is set for December 17th.

Company Overview of Invesco Bond Fund

The Invesco Bond Fund is a closed-end fixed income mutual fund launched by Invesco Ltd.. The fund is co-managed by various firms, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, and others.

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Investment Considerations for Invesco Bond Fund

Before considering an investment in the Invesco Bond Fund, it’s recommended to analyze the current market trends. Market insights gathered from top analysts indicate that while VBF currently holds a "Hold" rating, there are five other stocks they believe present more favorable investment opportunities.

To uncover which stocks major institutional investors are focusing on, a detailed list is available to provide insight into trending investments.

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