Invesco Bond Fund (NYSE:VBF) Short Interest Up 466.7% in March

Invesco Bond Fund (NYSE:VBF) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,600 shares, a growth of 466.7% from the February 28th total of 2,400 shares. Based on an average daily volume of 32,400 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Bond Fund

Several hedge funds have recently added to or reduced their stakes in VBF. Sit Investment Associates Inc. lifted its stake in shares of Invesco Bond Fund by 27.2% during the 4th quarter. Sit Investment Associates Inc. now owns 340,133 shares of the financial services provider’s stock worth $5,248,000 after buying an additional 72,710 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Invesco Bond Fund by 27.6% in the 4th quarter. Guggenheim Capital LLC now owns 235,663 shares of the financial services provider’s stock valued at $3,636,000 after acquiring an additional 50,983 shares during the period. Invesco Ltd. lifted its position in Invesco Bond Fund by 15.0% during the fourth quarter. Invesco Ltd. now owns 147,188 shares of the financial services provider’s stock worth $2,271,000 after acquiring an additional 19,192 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Invesco Bond Fund by 39.3% during the fourth quarter. Jones Financial Companies Lllp now owns 141,398 shares of the financial services provider’s stock worth $2,182,000 after acquiring an additional 39,871 shares during the period. Finally, ProVise Management Group LLC grew its position in shares of Invesco Bond Fund by 17.2% in the fourth quarter. ProVise Management Group LLC now owns 130,724 shares of the financial services provider’s stock valued at $2,017,000 after purchasing an additional 19,200 shares during the last quarter. Institutional investors and hedge funds own 43.73% of the company’s stock.

Invesco Bond Fund Trading Up 0.4 %

Invesco Bond Fund stock traded up $0.06 during midday trading on Friday, reaching $15.39. 19,630 shares of the company’s stock were exchanged, compared to its average volume of 30,923. The stock’s 50-day simple moving average is $15.52 and its 200 day simple moving average is $15.93. Invesco Bond Fund has a 52 week low of $15.03 and a 52 week high of $17.48.

Invesco Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Wednesday, April 16th.

Invesco Bond Fund Company Profile

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.