Short Interest in Invesco Bond Fund (NYSE:VBF) Declines By 25.3%

Invesco Bond Fund (NYSE:VBF) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 12,100 shares, a decline of 25.3% from the October 31st total of 16,200 shares. Based on an average daily trading volume, of 29,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco Bond Fund

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Invesco Bond Fund during the second quarter worth $98,000. Gilman Hill Asset Management LLC bought a new position in shares of Invesco Bond Fund in the 2nd quarter valued at approximately $168,000. Melfa Wealth Management Inc. lifted its holdings in Invesco Bond Fund by 16.2% in the 2nd quarter. Melfa Wealth Management Inc. now owns 26,964 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 3,750 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its position in Invesco Bond Fund by 3.4% during the second quarter. Oak Harbor Wealth Partners LLC now owns 41,511 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 1,379 shares during the period. Finally, WealthBridge Capital Management LLC grew its holdings in Invesco Bond Fund by 41.3% during the third quarter. WealthBridge Capital Management LLC now owns 93,758 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 27,407 shares during the last quarter. Institutional investors own 43.73% of the company’s stock.

Invesco Bond Fund Stock Performance

VBF traded up $0.06 on Friday, reaching $15.84. 17,203 shares of the company traded hands, compared to its average volume of 28,981. Invesco Bond Fund has a 52-week low of $15.03 and a 52-week high of $17.48. The stock’s 50 day moving average price is $16.34 and its 200-day moving average price is $16.30.

Invesco Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.074 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Friday, November 15th.

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.