Invesco Bond Fund Sees Significant Drop in Short Interest

The Invesco Bond Fund (NYSE:VBF - Get Free Report) experienced a notable decrease in short interest throughout December. As reported on December 31st, the total short interest stood at 6,500 shares, marking a significant decline of 41.4% from the 11,100 shares recorded on December 15th. Given an average daily trading volume of 29,400 shares, the current days-to-cover ratio for short sellers is 0.2 days.

Invesco Bond Fund Stock Activity

During trading hours on Tuesday, the shares of VBF were down by $0.01, settling at a price of $15.30. The trading volume reached 14,655 shares, which is lower than its average volume of 22,732 shares. The fund has a fifty-day moving average price of $15.74 and a 200-day moving average price of $16.24. Over the past year, the stock hit its lowest point at $15.03 and peaked at $17.48.

Dividend Announcement from Invesco Bond Fund

Recently, the fund announced a monthly dividend that is set to be distributed on January 31st. Shareholders registered as of January 17th will receive a dividend payment of $0.07 per share. This dividend reflects an annualized amount of $0.84, which corresponds to a yield of 5.49%. The ex-dividend date for this distribution is January 17th.

Institutional Investors' Actions

Several hedge funds have recently adjusted their positions in the Invesco Bond Fund. Oak Harbor Wealth Partners LLC increased its stake in the fund by 2.6% during the third quarter and now holds 42,576 shares, valued at $724,000. ProVise Management Group LLC boosted its holdings by 5.6% in the second quarter, owning 98,845 shares worth $1,585,000. WealthBridge Capital Management LLC lifted its stake by 41.3% in the third quarter, owning 93,758 shares valued at $1,595,000 after acquiring an additional 27,407 shares. Finally, International Assets Investment Management LLC raised its position significantly by 1,545.2% during the third quarter, now holding 100,359 shares worth $1,707,000 after adding 94,259 shares to its portfolio. Overall, 43.73% of the fund is currently owned by hedge funds and institutional investors.

About Invesco Bond Fund

Invesco Bond Fund is a closed-end fixed income mutual fund launched by Invesco Ltd. The fund is managed collaboratively by several units of Invesco, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, among others.

Invesco, Bond, Investment